Estonian company eAgronom receives investment from US-based Mondelēz International

Estonian software developer for farmers eAgronom has received an investment from renowned American food company Mondelēz International through its investment platform Sustainable Futures. The deal was facilitated by Sagana, an impact investment company, which confirmed eAgronom's business proposal. Neither party disclosed the size of the investment.

The investment raised in the Series A2 funding round will enable eAgronom to reach key markets and accelerate the adoption of sustainable practices on more than 4M hectares of farmland by 2026.

eAgronom is an Estonian company that has created a platform for farm management using field data analysis, satellite monitoring, data validation, greenhouse gas emission calculator and more. The company was founded in 2016 by Robin Saluoks and Kristjan Luha. eAgronom currently works with more than 3,5K farms, managing more than 2.5M hectares of farmland in 10 European countries, including Poland, Romania and Sweden, as well as in Africa.

Mondelēz International is an American food and beverage company. The company produces and markets food and beverages in more than 150 countries. It owns 131 manufacturing and processing facilities in 45 countries, as well as 107 distribution centers and warehouses worldwide. The company was founded on October 1, 2012 as a result of the demerger of Kraft Foods. Founders: Edward E. Rick and Thomas H. McInerney.

Sagana is a global investment and advisory firm headquartered in Wollerau, Switzerland. The firm focuses on sustainable change by investing in companies that address key global challenges such as climate change, health and education. Founded in 2017 by Raya Papp and Wolfgang Hafenmaier.