Deal Street

South African Agritech SupPlant Raises USD 10 Mn To Scale Operations
South African Agritech SupPlant Raises USD 10 Mn To Scale Operations

SupPlant, a precision agricultural business has secured USD 10 Mn to expand the market for its smart irrigation technology in South Africa. The recent fundraising included private equity firm Boresight Capital, social impact fund Menomadin Foundation, Israel-listed Smart-Agro Fund, and Israel-based investment firm Mivtah Shamir. The round brought the company’s total funding to USD 19 Mn.

SupPlant technology employs agronomic algorithms, artificial intelligence, and cloud-based technology to detect plant stress levels, monitor water content, and plant and fruit growth patterns to save water, cut expenses, and boost productivity and output. This allows farmers to monitor their plants in real-time and aids in decision-making, as SupPlant’s web platform makes precise irrigation suggestions based on crop data.