Gamaya Wins 7.5 M in Series B to Make Advanced Farming Solutions Accessible
08.07.2019
The main investor is India’s automobile major Mahindra & Mahindra which has invested $4.3 million in Switzerland based Agritech startup, Gamaya SA. ICOS Capital, VI Partners and some existing investors also participated in the Series B round.
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Founded in 2015, by Dragos Constantin, Igor Ivanov and Yosef Akhtman, EPFL's spin-off Gamaya uses the world’s most advanced solution for diagnostics of farmland using a unique constellation of patented hyperspectral imaging technology, drone-based deployment, artificial intelligence and machine learning.
The $20.7 billion Mahindra Group invested in Gamaya throught its farm equipment unit. Through this investment, Mahindra will make advanced farming solutions easily accessible to the global farming community, in line with the company’s Farming 3.0 strategy.
Gamaya won 30,000 francs, support and training from Venture Kick in 2014 and has ranked at the TOP 100 Swiss Startup Award every year since 2015. Forbes has highlighted Gamaya among four European agtech startups with a potential to become billion-dollar-companies.
Gamaya's Series B round also includes an additional 4.5 million from convertible loans, CFO Ivanov said by email.
The $20.7 billion Mahindra Group invested in Gamaya throught its farm equipment unit. Through this investment, Mahindra will make advanced farming solutions easily accessible to the global farming community, in line with the company’s Farming 3.0 strategy.
Gamaya won 30,000 francs, support and training from Venture Kick in 2014 and has ranked at the TOP 100 Swiss Startup Award every year since 2015. Forbes has highlighted Gamaya among four European agtech startups with a potential to become billion-dollar-companies.
Gamaya's Series B round also includes an additional 4.5 million from convertible loans, CFO Ivanov said by email.