“We have raised £1.12 million on a seed-to-sale platform designed to help growers, field staff, procurement managers and management teams make informed decisions on improving sustainability in the agri-food industry,” said Kisanhub, a Cambridge-based Agritech startup.
The main contributions were supported by future funds from Low Carbon Innovation Fund 2 (LCIF2) and were supported by existing investors such as IQ Capital, Notion Capital and Sistema_VC.
The funding aims to help the company “accelerate” its operations in the UK and Europe and “with support from government investors to further promote the sustainability value of its food supply chain.
The cloud-based connectivity platform combines crop intelligence with supply chain intelligence to ensure that farms “meet contractual obligations regarding the quality and quantity of produce” by integrating data from crops, stores, load delivery, satellites and field sensors.
Translate “raw and complex” food supply chain datasets into “practical insights” to provide transparency and improve the flow of information across the supply chain from seed to sales.
Kisanhub’s target customers are “an agricultural companies that supply retailers and processors operating in a network of contracted farmers and own their own farmland.”
To facilitate migration, the company can integrate enterprise’s existing software or Excel systems to provide end-to-end supply chain management solutions.
Among the existing users of Kisanhub is the global beverage giant Abinbev, who has implemented a platform to connect with growers and achieve its sustainability goals for 2025.
Additionally, other major UK suppliers, such as Spearhead, Burgess Farm Produce, Manor Fresh, and Jupiter Group, have already partnered with Kisanhub.
Sistema_vc. Dmitry Filatov, managing partner of the company, commented on the news and the opportunities ahead.
“Kisanhub Technology will digitalize the agricultural supply chain and increase transparency and efficiency in the procurement process. The pandemic has only increased the demand for such solutions as food supply security is more important than ever. Many risks, including seasonal and climate risks, can be avoided through the use of sensors and machine learning, which is what Kisanhub does.”
Axel de Mégille, director of Turquoise (managing LCIF2), added:
“Kisanhub recognizes everyone in the supply chain about the state of each batch of agricultural produce that is growing, consolidated or retailing, so we can better plan and reduce waste. This investment fits well with LCIF2’s strategy of investing in technology that helps reduce greenhouse gases (GHG).”
Sachin Shende, co-founder and CEO of Kisanhub, said:
“We are pleased to be welcoming LCIF2 as an investor at Kisanhub. This investment will allow us to expand our business in the UK and Europe and strengthen our connections between local and central governments.”
