Agritask secures funding round to scale high-impact agricultural intelligence platform
Tel-Aviv based agricultural intelligence startup Agritask has secured a US$26M series B funding round, with EIT Food as an investor.
"We are seeing the food and beverage industry spearheading a radical change in the agrifood supply chain, increasing their engagement with and support of farmers to move to sustainable and regenerative agriculture. Technology and data play a key role in creating transparencies across the agrifood ecosystem, and Agritask is in a unique position to lead the way. We are looking forward to growing our team and scaling up our work with the world's leading brands,” said Ofir Ardon, CEO of Agritask.
“Startups have faced an increased level of uncertainty and market volatility during COVID-19 and our bridge funding will ensure that they can continue to thrive. At EIT Food, we believe that innovation holds the key to fixing our food system so that it is healthier and more sustainable for all. This fund played an integral part in our efforts to build a high-impact entrepreneurial network that can support our recovery from this crisis,” added Benoit Buntinx, Director of EIT Food Business Creation.