Estonian agritech start-up eAgronom is encouraging farmers to choose more sustainable farming practices by incentivizing them with a carbon credit program.
It assesses the farm’s carbon footprint by greenhouse gas monitoring. It is currently supporting farmers in seven markets including Spain, Poland, Romania, and East Africa.
The start-up has raised $5.5 million in funding to scale its digital tools offering.
The investment came from Icos Capital, Soulmates Ventures, and SmartCap Green Fund (funded by the resources of the European Union’s recovery plan – NextGenerationEU.).
The firm also received a grant from Enterprise Estonia.
“With this additional funding, we can continue our efforts to facilitate the transformation of farming practices, enabling them to manage their farms in a more sustainable manner, while simultaneously providing them with supplementary revenue streams and a chance to improve their soil conditions for the future. These steps are crucial in the global fight against climate change where we need to act rather sooner than later,” says Robin Saluoks, CEO of eAgronom.
Read more on Tech Gist Africa:
Estonian proptech Bidrento unlocks €800,000
Estonian health tech Antegenes gets €2.3 million
Latvian SaaS startup Trace.Space raises €1.3M in a Pre-Seed round of funding
