Copenhagen-based accelerator invests €15 million in 10 start-ups

Rockstart reveals first agri-foodtech cohort

Copenhagen-based accelerator Rockstart has selected the 10 agri-foodtech start-ups to join its first agrifood-only cohort. The accelerator typically works across healthcare, energy, food and agriculture. The 10 start-ups come from Europe, India, and Chile, and will be making the most of the €15 million Rockstart recently raised to invest in them from early through to late stage.

Rockstart’s first agrifood cohort runs the gamut of new food and agriculture tech. For growers and farmers, Chile’s Agranimo is helping farmers, retailers, and insurers use micro-climate date to inform business decision-making; Denmark’s Nordetect is developing nano-sensors for on the spot field testing; Sweden’s Vultus is a precision farming and diagnostics company reducing excessive fertilizer use; and India’s Tractor Junction offers an online machinery market.

Rune Theill, Rockstart’s CEO: “Agrifood is a domain where there is lots of room for innovation and we, therefore, expect to see many start-ups turning into global businesses in upcoming years. With Rockstart AgriFood, we want to take a hands-on active role in building these businesses.”

The cornerstone investors in Rockstart AgriFood were Danish state fund Vaekstfonden and Dutch investment group De Hoge Dennen. There were more undisclosed investors yielding from six countries.

Source: agfundernews.com


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