eAgronom Secures €10 Million in Series A2 Funding
eAgronom, a Tallinn, Estonia-based agriculture-focused climate tech company, has secured €10 million in a Series A2 equity round.
The round includes €4.2 million raised during a booster round last year, now converted into equity, and an additional €5.8 million raised this year.
The round was led by Swedbank AB with a €4 million investment, with participation from Icos Capital, Soulmates Ventures, and SmartCap Green Fund.
Swedbank AB is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services.
The company will use the funds to enhance its presence in key markets and scale its involvement in sustainable farming programs, particularly Scope 3 and sustainable financing.
eAgronom is an agriculture-focused climate tech company helping farmers adopt sustainable practices for the health of their soils and the planet. The company provides a farm management SaaS platform that allows farmers to plan, manage, and analyze their activities. Founded in 2016, the company works with over 3,000 farmers across 14 countries, providing financial incentives, education, and support for regenerative farming practices. eAgronom’s initiatives include a Carbon Program that sells carbon credits and sustainable financing options in partnership with financial institutions like Swedbank.
Funding Details
Company: eAgronom OÜ
Raised: €10.0M
Round: Series A2
Funding Month: July 2024
Lead Investors: Swedbank AB
Additional Investors: Icos Capital, Soulmates Ventures, SmartCap Green Fund
Company Website: https://www.eagronom.com/
Software Category: Farm Management