Ag Tech Sunday - CropX acquires New Zealand Ag Tech start-up
- By: "Prime" Ag News
- Ag Company News
- Sep 12, 2020
- 280 views
Read the full Agfunder news article here.
Israeli soil sensing and data analytics startup CropX has acquired New Zealand-based Regen, a cloud-based, precision effluent and irrigation decision support tool company.
The acquisition marks CropX’s foray into the New Zealand market. It has longstanding ties to the region through its original funders, a group of angel investors in the New Zealand ag community, and additional investor Finistere Ventures. Firm co-founder Arama Kukutai hails from New Zealand and maintains ties to the region that helped CropX seal the deal.
“The southern hemisphere is very interesting for us,” Tomer Tzach, CropX CEO, told AFN. “Agtech has a lot of seasonality and since we have been focused mostly on the US and northern hemisphere, increasing our presence in the southern hemisphere flattens out the seasonality curve. It’s helpful for us.”
Read the full article here.