xFarm Technologies provides farm management and agritech solutions that help digitalise the agri-food sector, support regenerative agriculture and analyse data using AI and geospatial technologies. The company has integrated Greenfield Technologies (Regenerative Agriculture) and SpaceSense (Geospatial AI), strengthening its European position. It plans to accelerate geographic expansion across Europe, Turkey, Latin America, India and the US, while hiring and forming strategic partnerships to deepen market presence. xFarm intends to further develop services, improve performance and tailor offerings to specific markets and customers, with continued investment in R&D, climate intelligence and agronomic AI. The firm is already well established in Europe, particularly in Switzerland, Italy, Spain, France, Germany, Poland and the UK. Its strategy includes building a new Fintech and Insurtech division to expand risk management, lending and insurance-related services. xFarm Technologies offers a digital platform that helps farms manage their business across plantation, logistics, equipment and decision processes. Led by CEO Matteo Vanotti and based in Milan, the company already manages projects with over 70 agri businesses. xFarm plans to develop the platform further by adding new AI-powered features and to expand its business reach abroad. The company intends to grow its team by hiring 20 people, bringing headcount to 80 employees. The fundraising will support product development and international expansion efforts. No revenue figures or prior funding rounds are reported in the article. xFarm is a SaaS platform that helps farmers digitalise operations by simplifying data collection and analysis, reducing bureaucracy, improving efficiency and sustainability, and enabling product traceability. Its open freemium platform combines cloud-based management software, field IoT sensors and a marketplace offering services such as irrigation optimization, agro-meteorological forecasts, disease alerts and precision farming. The company plans to strengthen its technology stack—particularly in AI and blockchain—and to release new modules for customers. xFarm will use the funding to consolidate its presence in the Italian market and to expand into Europe, South America and Africa. xFarm was founded in 2017 in Italy. The company recently closed a funding round to support its international scaling and product development plans.

Total raised

$60M

Funding rounds

3

Latest round

Series C

Latest activity

Oct 2024