eAgronom, a leading climate tech company helping farmers adapt sustainable practices in Estonia, has successfully secured €10 million ($10.8 million) in its Series A2 equity round. This funding includes €4.2 million ($4.5 million) converted from a booster round last year, with an additional €5.8 million ($6.2 million) raised this year. Swedbank AB leads the round with a €4 million ($4.3 million) investment, alongside increased commitments from existing investors Icos Capital, Soulmates Ventures, and SmartCap Green Fund, who originally participated in eAgronom’s convertible round in 2023.
The funds will support eAgronom’s expansion into key markets and the scaling of sustainable farming programmes, particularly in Scope 3 emissions and sustainable financing.
Previous funding rounds have enabled eAgronom to conduct field trials and seminars with partner farmers, facilitating the adoption of sustainable practices tailored to diverse climate and soil conditions. The company aims to increase the number of participating farmers who can sequester carbon in their soils. Moreover, the funding enables eAgronom to launch its Carbon Program, enabling farmers to generate revenue through carbon credits while enhancing verification capabilities for agricultural practices.