The agriculture-tech firm, which will work with one of Europe's largest fertilizer producers, wants to become a leading player in EU agriculture.
Czech venture capital firm AgriBoom Ventures has newly launched a EUR 60 million (CZK 1.5 billion) agritech fund, the first of its kind in Central and Eastern Europe. The company says it is aimed at transforming world agriculture and horticulture through advanced innovation. Headquartered in Hradec Králové, the fund offers startups real-world settings to develop and test their technologies.
The fund seeks to establish AgriBoom Ventures as a major global player in the agritech industry by partnering with startups and companies from Europe, Israel, the U.S., and Canada. It will also offer access to agricultural facilities belonging to AGRO CS, one of Europe’s largest fertilizer producers, which is also a Czech-founded company.
AgriBoom’s focus includes solutions that increase crop yields, improve fertilizer efficiency, reduce pesticide use, and safeguard soil health.
The article was prepared by the CzechTrade Morocco team.
Source: www.expats.com