The Treetoscope team
Singapore-based global impact investor Earth Venture Capital (Earth VC) has participated in the US$7 million seed financing round of Israeli agritech startup TreetoScope.
Others joining the round are Israeli Champel Capital, SeedIL, and strategic investors.
The funding will be used for R&D, overall growth, and accelerating commercial agriculture expansion in North America and beyond. Its sales volume is now concentrated in North America and Europe. The company also plans to expand to Asia in the upcoming years.
“The funding will enable us to expedite our research and to expand, improve, and carry out our mission to provide farmers with the tools they need to grow more with less water and inputs,” Treetoscope CEO Dotan Eshet said.
Treetoscope provides farmers with advanced irrigation insights while applying Artificial Intelligence technologies and utilising innovative sensors developed by the company to measure plant water consumption in real-time.
Its in-tree/plant sensors are easy to install by the growers and directly measure water uptake in real-time. Combined with AI, integrated weather data, satellite imagery, and other remote data, Treetoscope’s irrigation management system provides growers with a more accurate data set to schedule irrigations, cut back water and other input costs, and ensure optimal crop health and production.
To date, Treetoscope has secured more than US$10 million in total investments, which includes grants from the Israel Innovation Authority and Bird Foundation.
Today, 70 per cent of annual freshwater consumption is used by the agricultural sector, and more than half is wasted because of poor irrigation systems, evaporation, and overall poor water management. Treetoscope enables farmers to save approximately 30 per cent in irrigation expenses increase the yield, and the weighted profits for the farmers.
Early this year, Earth VC joined the US$5 million Series A investment round of Israeli intelligent traffic management startup ITC.
Earth VC is a global VC firm investing in climate-tech solutions, with a focus on Southeast Asia. The firm invests in seed to Series A startups in AI, Machine Learning, robotics, new materials, new energy, and the IoT that serve the goals of switching to renewable energy, abandoning fossil fuel, and increasing the level of carbon storage.
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