Niederer Kraft Frey advised Ecorobotix SA as Swiss counsel on its CHF 46 million Series B Prime financing round led by AQTON Private Equity GmbH and Cibus Capital LLP. Additional investments came from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, as well as existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX Ventures and Verve Ventures.
Ecorobotix SA is a Swiss company, Certified B Corporation®, which develops and commercialises innovative farming machines requiring low energy that collect and analyse plant level data using cameras and AI technology, apply precision spraying of crop protection chemicals (pesticide and fertilisers) and reduce the negative ecological impact of modern agriculture (reducing chemical use by up to 95 per cent, massively reducing CO2 footprint, improving biodiversity and crop yields by up to 5 per cent), while keeping costs competitive. The funding will accelerate Ecorobotix’s geographic expansion across new and existing markets and accelerate new products development.
The NKF team was led by Corporate/M&A partner Karim Piguet, working with associate Tania Luminuku (Corporate/M&A).
16 May 2023