CropX Technologies – a leader in digital solutions for agronomic farm management – recently announced that Newtree Impact has joined the CropX Series C funding round. Newtree Impact is a Brussels-based impact investment firm dedicated to fighting climate change by investing in innovative agri-food technologies.
Newtree’s participation in CropX’s Series C highlights the global impact of CropX-enabled efficient farming that reduces unnecessary irrigation and chemical use while protecting yields. And CropX is the only farm management technology in the Newtree portfolio.
CropX provides a suite of connected digital technologies designed to enhance crop yield, optimize irrigation, and promote resource-efficient farming practices, while providing visibility and tracking of sustainability practices. And the company’s technology utilizes data-driven insights, sensors, and advanced analytics to provide farmers with real-time information and agronomic advice about soil conditions, moisture levels, and crop health, and offers custom APIs and enhanced connections to supply chain partners.
CropX had first closed $30 million in Series C funding in April 2023 in a funding round led by Aliaxis that included Edaphon, Finistere Ventures, NTT Finance Corporation, OurCrowd, Reinke Irrigation, Yair Shamir, and Victrix. CropX reopened the round to include Newtree Impact. And Newtree Impact’s investment in CropX reflects a shared vision for the future of agriculture that prioritizes sustainable practices and responsible resource management to fight climate change.
With this funding round, CropX will be able to accelerate its efforts in making precision agriculture accessible to farmers worldwide – leading to more efficient resource use, increased crop yields, and a healthier planet.
KEY QUOTES:
“We are delighted to welcome Newtree Impact as a strategic investor in our Series C funding round. Newtree Impact invests in companies that productively disrupt agriculture for the greater good of the climate and people. CropX is a perfect fit for their portfolio with our mission to transform agriculture through data-driven innovations. This partnership will enable us to empower farmers and improve food production worldwide for the greater good of the planet.”
- Tomer Tzach, CEO of CropX Technologies
“We are excited to support CropX Technologies in their mission to drive sustainable agriculture forward. Their innovative approach to agronomic farm management aligns perfectly with our commitment to rapidly create a more sustainable future. We believe that this partnership will drive positive change in the agriculture industry and ultimately make agriculture a part of the climate solution.”
- Benoît de Bruyn, founder and CEO at Newtree Impact
