FMO proposes investment in South African agritech company

Dutch development financier FMO has disclosed a proposed R42.75 million (about $2.5 million) investment in Aerobotics, a South African agritech company.

The proposed investment will come from FMO’s Building Prospects fund and will support the company’s operations, expansion, and technology development.

Aerobotics is active in the farm management software, sensing and IoT space, and has developed an orchard monitoring, yield estimation and insurance reporting product that supports precision agriculture in the high value tree crops segment (e.g. citrus, berries, and nuts). Key components of the solution are field management, pest and disease control, yield estimation and irrigation management.

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