FMO plans to inject US$2.5m in SA agri-tech startup Aerobotics

SOUTH AFRICA – Dutch development financier FMO is seeking to invest R42.75 million (US$2.5m) in Aerobotics, a South African Agritech company. The proposed investment will come from FMO’s Building prospects fund and will support the company’s operations, expansion and technology development. Aerobotics is active in the farm management software, sensing and IoT space and has developed an orchard monitoring, yield estimation and insurance reporting product that supports precision agriculture in the high value tree crops segment i.e. citrus, berries and nuts. Key components of the solution are field management, pest and…

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