Paul-Tech, an Estonian startup specialising in precision agriculture, has raised €1.4 million in a seed round; the funds will be used to expand into the UK market and advance the product offering.
“This investment enables us to continue our technology development and provide accurate and reliable solutions to farmers across Europe,” Mikk Plakk, the CEO and a co-founder of Paul-Tech, said in a statement.
The round was led by Estonian fund Superangel, with participation from SmartCap, Honey Badger Capital, the Estonian Business Angels Network, Tatoli AS, Overkill VC and business angels from Sweden.
Paul-Tech said its agricultural platform “combines proprietary sensors, born out of multiple generations of research, with data analytics, allowing farmers to engage in more efficient management practices”.