Venture Capital: Stenon, Which Is Out To Disrupt Labs For Soil Testing, Nabs $20M

Potsdam, Germany-based Stenon is an agtech startup that enables real time soil testing without the need for a lab.

Stenon, a German agtech that is providing laboratory independent real-time soil analysis, has raised a $20 million Series A round from Founders Fund, David Friedberg’s The Production Board and existing investors including Cherry Ventures and Atlantic Labs. (TechCrunch)

The FarmLab

The Stenon FarmLab, a portable device from Stenon can instantly measure soil parameters including soil temperature, soil moisture, soil type and texture, and pH value. It also measures nitrogen, ammonium, plant available phosphorus, potassium, soil organic carbon, and magnesium.

Farmers need not send soil samples to a lab for soil testing, saving precious time and money. Instead the Stenon device provides soil data – more than 5,000 data points per measurement – in mere seconds without having to extract soil, by just pushing the sensor device into the ground.

Farmers benefit from insight into their soil, higher crop yields, and a minimization of risk from climate fluctuations due to better soil fertility.

Co-founder and CEO Dominic Roth said to TechCrunch: “Stenon’s mission is to become the soil data company in agriculture and get rid of the need for physical laboratories. Without soil data being available at scale, farmers will neither be able to work sustainably and profitably in the future. Additionally, the market is dynamically moving into the direction of regenerative ag or autonomous farming — all of these practices will require the data set that we are providing.”

Related Story: Agtech And Farmer-To-Farmer Platform FBN Raises $300M

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…