Groningen-based CropX Technologies, a provider of agribusiness farm management solutions, announced on Wednesday, October 4, that Brussels-based VC firm Newtree Impact has joined the CropX Series C funding round.
The Dutch company closed its $30M (approximately €28.4M) Series C round of funding in April 2023 in a round led by Aliaxis that included Edaphon, Finistere Ventures, NTT Finance Corporation, OurCrowd, Reinke Irrigation, Yair Shamir, and Victrix.
However, the Dutch reopened the round to include Newtree Impact.
With this funding, CropX will accelerate its efforts in making precision agriculture accessible to farmers globally leading to more efficient resource use, increased crop yields, and a healthier planet.