We are pleased to announce that we have successfully raised Series A funding, read full press release below.
St. Louis, MO – Eiwa, a farming ecosystem data cloud, has raised an undisclosed amount of Series A funding with lead investor Serra Ventures, an early stage AgTech investor.
Since launching the Vault platform, Eiwa has led the way in becoming the preferred data cloud for agriculture helping farm input companies, their crop scientists and other professionals generate, organize and analyze more consistent data across multiple fields and trial locations. The Vault cloud platform can gather and analyze disparate data from a variety of sources and formats and from multiple locations to further the development and placement of new farm inputs accelerating the overall product development process. Entities representing several Ag segments — Seeds, Crop Protection, Crop Nutrition, Biologicals and Research Institutions — have benefited from mobilizing their agronomic knowledge.
With additional capital, our presence in the North America, Brazil and LATAM markets will be expanded as well as our development velocity will accelerate. In turn, we are set to onboard more farm input providers who seek to improve their agronomic data management and accelerate their product pipelines.
“The purpose of our latest funding round is twofold – hire commercial teams in the US, Brazil, and Argentina to accelerate our go-to-market strategy, as well as position Eiwa for the next phase of digital agronomic ecosystem growth, which we believe will be essential for the development of better farm products and faster incorporation of new sensors and technologies applied to crop development. We are confident that our partnership with Serra Ventures provides us both opportunities.” – Nicolas Otamendi, CEO of Eiwa.
About Serra Ventures
Tim Hoerr, CEO and Managing Partner, commented, “Serra first met the Eiwa team in 2018, and we have been monitoring their progress since. They made a notable introduction of the Vault software platform in 2022, offering one of the most comprehensive data analysis platforms for Farm Input and related space companies. The growth of the platform in a very short time has been quite impressive. Their success convinced us to lead their Series A investment round, which was joined by several other venture firms.”
Tim Hoerr will be joining the Board of Directors at Eiwa. Tim is a seasoned advisor and operating executive to the high-growth technology and business services sectors. Notable to the investment space, Tim was co-founder and former CEO of iCyt Mission Technology, Inc., a highly successful bio-instrument company that won numerous awards for technology and business excellence and which was acquired by Sony Corporation in late 2009. He will be applying his strong strategic and financial skills to the Eiwa Board.