Croptimistic Technology is feeling optimistic.
Why? First, the Kelowna-based agriculture technology company this week secured $9.1 million in capital. The Series B round was led by Forage Capital Partners, which operates as Canada’s most experienced team of agriculture investors, having managed over $500 million in commitments to the industry over the last 18 years.
“This new funding has enabled us to keep growing and investing in our software … and expand our team in our new office based in Kelowna,” said Derek Massey, cofounder of Croptimistic. “By investing resources in our software we’ll be able to continue to scale and grow our company to meet the needs of our farmers and service providers.”
Second, the company recently acquired CropPro Consulting. Based in rural Saskatchewan, CroCrop is a farm agronomy consulting company.
“Croptimistic is very excited to announce the acquisition of Crop Pro Consulting,” stated Greg Stewart, Chairman of the Board for Croptimistic and Director with the Bank of Canada.. “The new combined entity will significantly enhance our ability to serve farmers and expand our reach, solidifying our position as the market leader in soil mapping software and hardware.”
Third, since starting operations in 2018, Croptimistic has shown average growth of 100% year-over-year, according to the Okanagan scale-up.
The BC agtech’s flagship product is SWAT MAPS, which creates maps encompassing Soil, Water and Topography—AKA “SWAT.”
Today, Croptimistic has 67 company partners executing their business model in four countries with strongest presence in the US and Canada.
Croptimistic is one of several BC-based firms helping build resilience throughout Canada’s complex food chain systems.
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