Estonian agricultural software developer eAgronom raises €10M

Estonian startup eAgronom has raised €10M. The money was raised in Series A2. 

The startup was launched in Tallinn in 2016 by Robin Saluoks and Kristjan Luha. EAgronom develops a comprehensive SaaS solution for agricultural land management. The platform helps farmers to reduce bureaucratic procedures and store all data related to crops and sowing in an organized way.  

The round includes €4,2M raised in a booster round in 2023, which has now been converted into equity, and an additional €5,8M raised in 2024.

Swedbank AB led the round with a €4M investment. Three investors who participated in eAgronom's convertible round last year - Icos Capital from the Netherlands, Czech Soulmates Ventures, and Estonian SmartCap Green Fund - have increased their investments to support the company's growth plans. The investments raised will be used to expand eAgronom's presence in key markets and to scale the startup in various sustainable agriculture programs.  

EAgronom plans to raise a further €2-4M by the end of the year.

A €100M SmartCap Green Fund is supporting innovative early-stage Estonian green technology companies – through dedicated venture capital funds and direct investments in companies until 2026. It aims to invest up to €20M from SmartCap Green Fund as direct investments until the end of 2024. SmartCap Green Fund gets financing from the European Union Next Generation EU Recovery and Resilience Facility funds.