Cambridge-based argitech company KisanHub has raised over £1m in funding for its seed-to-sale connectivity programme, which aims to digitalise the argi-food supply chain.
The supply-chain management platform uses data and machine learning to help growers, field staff and procurement managers make informed decisions.
Funding will assist the company in growing its UK and European business further and promote its values of sustainability in food supply chains with support from government investment.
Its cloud-based enterprise platform is designed to focus on crop intelligence, supply-chain intelligence, integrating data from crops, stores, satellites and field sensors to help businesses meet contractual obligations on quality and quantity of produce.
Kisanhub said it would target agricultural enterprises supplying retailers and processors that work with a network of contract farmers or own their farmland. Existing customers include British suppliers such as Spearhead, Burgess Farm Produce, Manor Fresh and Jupiter Group.
The latest funding round was led by Low Carbon Innovation Fund 2 with backing from the Future Fund. It was also supported by existing investors, including IQ Capital, Notion Capital, and Sistema VC.
Dmitry Filatov, managing partner at Sistema VC, said: “KisanHub technology digitises the agricultural supply chain, improving the transparency and efficiency of the procurement process.
“The pandemic has only increased the demand for such solutions, as food supply security became more important than ever.”