Naïo Technologies accelerates next growth phase with a new funding round of € 14 million
After a first round of € 3 million in 2015, the French start-up Naïo Technologies specialized in agricultural robots, announces the closing of a €14 million funding round led by Bpifrance. Impact investor Pymwymic and Codema and its historical shareholders, Demeter and Capagro, flanked Bpifrance in this investment round.
The French company, founded in 2011, manufactures and markets agricultural solutions in close collaboration with farmers. Their weeding robots respect both the environment and man: they provide a solution to assist farmers in their daily work, reduce the strenuous physical workload and limit the use of chemical weedkillers.
Nearly 150 robots (Oz, Dino and Ted) are already deployed at farms and vineyards both in Europe and in North America. The promise of contributing to more sustainable agricultural practices, combined with the company’s ability to demonstrate market readiness over the past 18 months, have contributed to the successful closing of this funding round.
This new investment round will enable Naïo Technologies to further capitalize on its position as a leader in agricultural robotics and reach the next level of technology maturity in order to prepare the robots for mass production.
More information on the press release: