The Venture Codex

Participated · Series A · Dec 2020

Rantizo operates a software and service platform that integrates drones and imaging technology to identify crop issues and deliver precise in-field applications of crop inputs using autonomous drones. The company sells its Fly & Apply capability through a service model where independent contractors buy turnkey systems that include drone equipment, licensing, training, and certifications. Rantizo charges $150 per hour, per drone, and currently works with about 30 contractors, with a goal to expand that network to roughly 100. The startup emphasizes labor savings, reduced soil compaction versus heavy machinery, and targeted spot treatments enabled by aerial imagery. It holds FAA approval for drone spraying in Iowa and operates coast to coast while focusing on the US Midwest. The company plans to use new capital to expand into new markets, hire staff, and ramp R&D into crop pollination, data management, and automation.