Precision pollination agritech startup BeeHero has announced a $19 million Series A financing round with $15 million in capital from ADM Capital, UpWest, Rabo Food and Agri Innovation Fund, iAngels, FirstTime, J-Ventures, Entrée Capital, Good Company, STB Holdings, the Arison Group, Gaingels, as well as $4 millio in grants from the European Commission, the BIRD Foundation, and the Israel Innovation Authority.
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Powered by advanced data analytics, artificial intelligence, and low-cost IoT sensors, BeeHero's platform facilitates optimal crop pollination while addressing the health and welfare of pollinators.
"BeeHero is a perfect example of a technology-enabled solution to real world problems, challenging the market dynamics to futureproof our global food supply chains," said Alastair Cooper, Head of Venture Investments at ADM Capital Europe LLP. "Their product enhances growth and profit for both growers and beekeepers, whilst simultaneously supporting pollinators that are critical to the vast majority of crop species; a real win for the world."
"Solving the global food crisis depends on conjoining efforts of growers and beekeepers to scale their operations, incrementally innovating current and generational knowledge and processes," said Omer Davidi, CEO of BeeHero. "We've dedicated years to building a frictionless technology platform for growers and beekeepers, by growers and beekeepers, that allows them to optimize their own methods and increase their yields to maximize profits while leveraging their long-held domain expertise."
