EAGLESENSING B. V.
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
EagleSensing is a Dutch startup. The company provides farm management support by taking images from planes, satellites and drones gathering data on crops, soil, irrigation, diseases, clever data processing and using an algorithm to be able to provide useful advice to farmers.
What is our funding objective?
Eaglesensing is developing a remote monitoring platform to have insights into agricultural practices of small-scale farmers. This overcomes the issue of travel restrictions due to COVID-19 and allows for businesses continuation and decision-making. Through this remote monitoring system, customers will get a view on, and information on what happens on the ground. In addition, Eaglesensing and Wageningen University specialists provide remote advice.
Why do we fund this investment?
FMO is funding this project as part of the Emergency Grant Facility, a support facility that was launched to help FMO’s clients and investees to battle the negative effects of COVID-19 on their business, staff and surrounding communities. EagleSensing was one of the winners of FMO’s Finture Solutions challenge 2019, a challenge aimed at scaling start-up businesses that have a positive impact in emerging markets. By providing this emergency grant to Eaglesensing, FMO stimulates the development of innovate solutions during COVID-19 times. The remote monitoring platform allows for business continuation and overcomes the challenge of not being able to travel.
More investments
| Date | Total FMO financing |
|---|---|
| 2/22/2021 | EUR 0.13 MLN |
- Website customer/investment
- http://www.eaglesensing.com
- Country
- Global
- Sector
- Agribusiness, Food & Water
- Effective date
- 7/10/2020
- End date
- 2/23/2021
- Total FMO financing
- EUR 0.05 MLN
- Funding
- FMO NV