Farm Tender

Ag Tech News - Aussie Ag Tech start-up Hone to scale up with latest investment round

Singapore-based family office Silverstrand Capital, which invests in regenerative agriculture and other nature-based solutions, has led a A$2.6 million ($1.88 million) secondary market transaction to acquire a stake in Australian agtech startup Hone, it told AFN.

The deal is aimed at helping Hone scale its spectrometry-based solution for soil carbon measurement and follows the startup’s Series A round late last year, which AFN can reveal raised A$6.5 million ($4.69 million) in funding. Australian ag commodities trader GrainCorp led the round; it announced back in October that it acquired a 15% stake in the startup as a result.

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