Connect with us

Private Equity

Agriculture Technology company, Taranis, raises $2m seed round

Israeli farm management software Taranis has raised $2 million in seed funding in a round led by crowdfunding platform OurCrowd, and Eshbol Ventures, an Israeli early stage investment firm. Joining the seed round was Marc Benioff, founder and CEO of sales software giant Salesforce. Benioff was introduced to Taranis by one of its angel investors. […]

The post Agriculture Technology company, Taranis, raises $2m seed round appeared first on iAngels.

Avatar

Published

on

Israeli farm management software Taranis has raised $2 million in seed funding in a round led by crowdfunding platform OurCrowd, and Eshbol Ventures, an Israeli early stage investment firm.

Joining the seed round was Marc Benioff, founder and CEO of sales software giant Salesforce. Benioff was introduced to Taranis by one of its angel investors. Israel-based early stage firms Kaeden Capital and iAngels also joined the round.

“Marc is a software-as-a-service expert and is invested in Planet Labs so has loads of relevant connections for the business,” said Ofir Schlam, CEO of Taranis.

Taranis focuses on making crop disease predictions using weather data sourced from public weather services, satellite imagery, and weather stations.

“Our proprietary weather forecast model takes weather data from national weather services like the GFS in the US, and makes it much higher resolution to detect micro weather conditions. From here we can start to detect the conditions in which various diseases take hold,” said Schlam.

Taranis also implements a localized model adding local public data and deploying weather stations every two miles on farms that don’t already have them. “It’s quite common for the larger farms to own weather stations already, and we can integrate with any vendor they already have. We can also suggest good models for them to buy, or if they take on our full service over more than 1,000 acres, we will cover the cost of deploying the stations,” said Schlam.

In describing how the startup’s technology predicts diseases, he gives the example of the ‘Fire blight’ disease, which causes $100 million worth of loss to the apple and pear industry in the US every year. The bacterial pathogen causing it — Erwinia amylovora — reproduces under specific temperature and humidity conditions, and only enters crops through the flowers when there’s a certain level of wetness and precipitation.

“By monitoring these conditions, we can detect, in realtime, infection periods, and can then notify farmers to put on a protectant spray. This reduces their spray loads and increases yields,” said Schlam.

Taranis aims to go further than its competitors that Schlam says largely focus on disease identification; instead Taranis promises disease prediction before any impact to a crop. It also has a SmartScout app integrated with these predictions sending messages and chat notifications to a farmers’ network of service providers, such as their agronomists or crop scouts. This enables them to prioritize their work on the farm each visit.

With the proceeds of the seed round, the company is expanding its team from the four co-founders, which self-funded the startup’s first 18 months, to 10 members of staff. This includes developers, meteorologists, agronomists and sales staff. The startup’s go-to-market strategy focuses on Brazil, Argentina and the US across soybeans, corn, and cotton, although it can be used for other crops.

The service costs $3 an acre with no limitations such as number of users, said Schlam.

This article originally appeared on AgFunderNews

Source: https://www.iangels.com/2016/04/agriculture-technology-company-taranis-raises-2m-seed-round/

Private Equity

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]

Avatar

Published

on

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth mode, and investors back into the check-writing arena.

Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall.

We collated new data that underscores the trend, showing that Boston’s third quarter looks very solid compared to its peer groups, and leads greater New England’s share of American venture capital higher during the three-month period.

For our October look at Boston and its startup scene, let’s get into the data and then understand how a new cohort of founders is cropping up among the city’s educational network.

A strong Q3, a strong 2020

Boston’s third quarter was strong, effectively matching the capital raised in New York City during the three-month period. As we head into the fourth quarter, it appears that the silver medal in American startup ecosystems is up for grabs based on what happens in Q4.

Boston could start 2021 as the number-two place to raise venture capital in the country. Or New York City could pip it at the finish line. Let’s check the numbers.

According to PitchBook data shared with TechCrunch, the metro Boston area raised $4.34 billion in venture capital during the third quarter. New York City and its metro area managed $4.45 billion during the same time period, an effective tie. Los Angeles and its own metro area managed just $3.90 billion.

In 2020 the numbers tilt in Boston’s favor, with the city and surrounding area collecting $12.83 billion in venture capital. New York City came in second through Q3, with $12.30 billion in venture capital. Los Angeles was a distant third at $8.66 billion for the year through Q3.

Source: https://techcrunch.com/2020/10/23/boston-startups-expand-regions-venture-capital-footprint/

Continue Reading

Private Equity

Alternative Investments/Real Estate: Housing Market Demand Is “Insane”

Speaking to CNBC on Power Lunch, Glenn Kelman, CEO of real estate brokerage Redfin (NASDAQ: RDFN), said he expected the current boom conditions in the housing market to last well into next year. He attributed the high demand to affluent professionals looking for remote homes as well as low interest rates. Also, he thinks some sellers will put their properties on the market only after the presidential election.

Avatar

Published

on

Alternative Investments/Real Estate: Housing Market Demand Is “Insane”

https://platodata.net/wp-content/uploads/2020/10/alternative-investments-real-estate-housing-market-demand-is-insane.jpg

Redfin CEO Glenn Kelman says the boom could last into next year.

Speaking to CNBC on Power Lunch, Glenn Kelman, CEO of real estate brokerage Redfin (NASDAQ: RDFN), said he expected the current boom conditions in the housing market to last well into next year. He attributed the high demand to affluent professionals looking for remote homes as well as low interest rates. Also, he thinks some sellers will put their properties on the market only after the presidential election. (CNBC)

Kelman: Too good to last forever

“This level of demand is absolutely insane. I would expect it to last into 2021, at least,” Kelman said.

Recent data from the National Association of Realtors shows up the strength in the housing market.

Existing home sales shot up 9.4% in September beating expectations. Even though the median purchase price of a home rose approximately 15% year over year, there is just a 2.7-month supply of for-sale homes, showing tight market inventory conditions.

The 30-year fixed-rate mortgage averaged 2.80% for the week ending Oct. 22, down from 2.81% in the previous week and 3.75% a year ago, according to the Freddie Mac Primary Mortgage Market Survey. Therefore, mortgage rates crept even lower in the latest week.

However, “there’s no way it can last forever,” Kelman warned of the bullish conditions.

Canada: Off the charts

Meanwhile, at the northern neighbor, home sales activity in September is described as “off-the-charts.”

Housing data released by the Canadian Real Estate Association (CREA) last week showed a nationwide year-over-year increase in sales of 45.6%.

This was a new all-time monthly record for the third month in a row.

“This is starting to sound like a broken record (about records being broken), but Canadian home sales and prices set records once again in September … as they did in July and August,” said Shaun Cathcart, senior economist at CREA, in a statement.

Real Estate ETFs in the U.S.

The year-to-date performance of some real estate ETFs is shown below:

iShares U.S. Home Construction ETF (ITB)              +24.61%

SPDR S&P Homebuilders ETF (XHB)                          +20.83%

Vanguard Real Estate Index Fund ETF                      -13.91%

It may be noted that despite the boom conditions in housing, real estate ETFs and stocks have declined in recent days.

According to Barron’s, this may be due to yields on the 10-year and 30-year Treasuries moving higher in recent weeks.

Other reasons could be fears of inflation ticking up in the future amidst an improving economic situation.

Nevertheless, the view is that interest rates are likely to remain low for longer. So demand may remain strong.

“Part of what is fueling this boom is that the economy has just split into two and rich people are able to access capital almost for free, so, of course, they’re going to use that money to buy homes,” said Redfin’s Kelman.

Related Story:   Mortgage Rates Set Another Record Low; Real Estate ETFs Could Benefit

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/alternative-investments-real-estate-housing-market-demand-is-insane/

Continue Reading

Private Equity

Asda’s new owner EG Group seeks new leadership ahead of IPO – report

EG Group is owned by the billionaire Issa brothers and the private equity firm TDR Capital, who teamed up for a £6.8 billion takeover of Asda last month

Avatar

Published

on

UK grocer Asda Group’s new owner EG Group is looking for a new chairman and independent directors as it prepares for a £10bn initial public offering, The Timesreports.

EG Group is owned by the billionaire Issa brothers and the private equity firm TDR Capital, who teamed up for a £6.8 billion takeover of Asda last month.

The move comes after Deloitte resigned last week as the company’s auditor because of concerns over the group’s governance and lack of internal controls, according to the publication.

A decision on candidates will be taken before the end of this year, although roles haven’t been finalised yet as the company is in the process of deciding whether to float in the UK or the US, The Times reports.

Write to Barcelona editors at barcelonaeditors@dowjones.com

From Dow Jones Newswires

Source: https://www.penews.com/articles/asdas-new-owner-eg-group-seeks-new-leadership-ahead-of-ipo-reports-20201023

Continue Reading
Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Startup3 hours ago

Dr. Fauci says it might be time to mandate masks as coronavirus cases surge across the US

Venture Capital3 hours ago

The Startup Trap Quibi Fell Into (and I Almost Did Too)

Press Releases3 hours ago

Tata Consultancy Services (TCS) Partners With dotin Inc. to Create Workforce Insight Solution

Startup4 hours ago

David Barrett, founder and CEO of San Francisco tech company Expensify, emailed 10 million customers urging them to vote for Biden and stop Evil Trump

Startup4 hours ago

Tired of searching jobs near me on the internet? 6 tips to find jobs near you quickly

Press Releases5 hours ago

TK60 Eliminates Human Coronavirus In 30 Seconds, 4x Faster Than Lysol, Independent Laboratory Confirms

Press Releases5 hours ago

(GOCO) ALERT: GoHealth Investors Reminded of Class Action Deadline; Investors with Losses Over $100,000 Encouraged to Contact Firm – Johnson Fistel, LLP

Press Releases5 hours ago

“World’s Firsts” Catching Eyes at Asia’s Largest Medical Equipment Exhibition

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Saas5 hours ago

Press Releases6 hours ago

Health Insurance Companies Working the System

Startup7 hours ago

E-commerce Wars: Is there a winner?

Startup7 hours ago

How Has COVID-19 Changed Healthcare Forever

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Saas9 hours ago

Trending