{"id":7958,"date":"2023-05-11T07:25:38","date_gmt":"2023-05-10T19:25:38","guid":{"rendered":"https:\/\/israelinstitute.nz\/?p=7958"},"modified":"2023-05-11T08:08:42","modified_gmt":"2023-05-10T20:08:42","slug":"new-zealand-israeli-agri-tech-star-cropx-technologies-poised-for-growth-after-50m-raise","status":"publish","type":"post","link":"https:\/\/israelinstitute.nz\/2023\/05\/new-zealand-israeli-agri-tech-star-cropx-technologies-poised-for-growth-after-50m-raise\/","title":{"rendered":"New Zealand-Israeli agri-tech star CropX Technologies poised for growth after $50m\u00a0raise"},"content":{"rendered":"
Kiwi-Israeli agri-tech star CropX Technologies has attracted $50m (US$30m) of Series C financing, raising its value to over $200m.\u00a0The funding will be used to further develop the company’s broad suite of digital farm management solutions, with water management as its core focus; and to acquire companies with complimentary technology.<\/p>\n
Founded in New Zealand, CropX Technologies was then built up in Israel where it accreted deep hardware, sensor and software capability. The start-up has grown strongly in recent years through distribution partnerships. It has been boosted further through a successful program of well integrated strategic acquisitions. Led by CEO Tomer Tzach, CropX now operates in over 60 countries and is poised for further growth with the latest raise. CEO Tomer Tzach emphasised that CropX \u201cis proud to be one of the consolidation leaders in ag-tech as we bring a complete, powerful and simple solution to farms and agribusinesses.\u201d\u00a0<\/em><\/p>\n CropX is operating intensively in NZ, where it began. It is increasingly a favoured platform for a range of New Zealand farmers in the dairy and Horticulture sectors. Its recent acquisition of NZ dairy water management start-up Regen<\/a> has significantly boosted their presence in the dairy sector.<\/p>\n