Naspers Foundry led a $17m round for Aerobotics, a developer of tree-health monitoring technology, having invested last May.
South Africa-based agriculture tools supplier Aerobotics has raised $17m in a series B round led by media and e-commerce group Naspers through subsidiary Naspers Foundry, TechCrunch reported yesterday.
Naspers Foundry had provided $8.3m for the round in May 2020 and was joined by Cathay AfricInvest Innovation, FMO: Entrepreneurial Development Bank and Platform Investment Partners.
Aerobotics’ technology helps track and assess the health of food-growing trees. It secured $610,000 in seed capital from 4Di Capital and Savannah Fund in 2017.
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