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 and diseases. Using clever data processing and an algorithm, useful advice is being provided to farmers.
What is our funding objective?
The funding will be used to expand the business.
Why do we fund this investment?
EagleSensing is one of the winners of FMO’s Finture Solutions challenge 2019. Finture Solutions aims to scale start-up businesses that have a positive impact in emerging markets. Eaglesensing has a quantifiable impact on food security and loss prevention through disease mitigation, production optimization and reduced input use in agriculture, and; Eaglesensing strives be a key partner for (non-)governmental monitoring and compliance efforts aimed at sustainable production practices and accessibility of remote sensing technologies to smallholder producers in emerging markets.
What is the Environmental and Social categorization rationale?
E&S category is B. IFC PS 1-4, and 6-8 are triggered. Eaglesensing can mitigate the potential risks regarding noise pollution from UAVs, air emissions from aircrafts, potential distress to animals caused by UAVs, potential occupational and community safety incidents. Eaglesensing will adhere to proper FPIC, especially in indigenous communities and respect data protection regulations in countries where it operates. Full adherence to IFC PS, WBG EHS Guidelines, EASA regulation (EU)2019/947 and EU (2019/945) on operation of UAS, is expected. An internal Environmental and Social Action Plan (ESAP) is being developed by Eaglesensing and progress on implementing the ESAP will be communicated in quarterly project reports to FMO.
More investments
| Date | Total FMO financing |
|---|---|
| 2/23/2021 | EUR 0.05 MLN |
- Website customer/investment
- http://www.eaglesensing.com
- Country
- Global
- Sector
- Agribusiness, Food & Water
- Effective date
- 8/29/2019
- End date
- 2/22/2021
- Total FMO financing
- EUR 0.13 MLN
- Funding
- Development Accelera