CropX
Farm intelligence for intelligent farm management.
Overview
Platform
OurCrowd
Start Date
03/21/2023
Close Date
04/10/2023
Max. Goal
$5,530,000
Min. Investment
$0
Security Type
Equity - Preferred
Series
Series C
SEC Filing Type
RegD 506(c)
Pre-Money Valuation
$100,000,000
Year Founded
2013
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
CropX, with a valuation of $100 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company uses artificial intelligence to analyze data from its in-ground sensors combined with satellite weather imaging, topography, and other data sources. The analysis provided by CropX helps farmers to optimize the use of water, fertilizer, and labor to improve yield and save water and energy. CropX enables data-driven farming and provides farm intelligence for intelligent farm management. The company is currently servicing more than 2,500 paying customers in 60 countries and reported a 90% year-over-year revenue growth in 2022. Tomer Tzach founded CropX in 2013. The current crowdfunding campaign has a maximum target of $5.53 million. The campaign proceeds will be used for growth and expansion.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| CropX | 04/10/2023 | OurCrowd | $100,000,000 | $0 | Equity - Preferred | Funded | RegD 506(c) |
| CropX | 02/10/2022 | OurCrowd | $100,000,000 | $0 | SAFE | Funded | RegD 506(c) |
| CropX | 07/07/2021 | OurCrowd | $65,000,000 | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 11/17/2020 | OurCrowd | $53,000,000 | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 06/19/2019 | OurCrowd | $30,000,000 | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 04/28/2017 | OurCrowd | - | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 10/21/2016 | OurCrowd | $17,779,176 | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 02/16/2016 | OurCrowd | $8,842,858 | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 08/10/2015 | OurCrowd | $5,000,000 | $0 | Equity - Common | Funded | RegD 506(c) |
| CropX | 06/04/2014 | OurCrowd | $2,250,000 | $0 | Equity - Common | Funded | RegD 506(c) |
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