St. Louis’ Startup, Eiwa, Closed a Successful Series A Funding
Eiwa, a St. Louis-based AgTech startup, has closed on a Series A funding round led by Serra Ventures. While the company did not disclose the amount raised in the funding round, a regulatory document it filed March 6 with the U.S. Securities and Exchange Commission showed the company has raised $1.6 million in equity financing.
Eiwa is working to streamline and improve the agricultural industry via digitization. Following the initial process of meeting and conversing with farmers across the globe, the company began developing a platform and algorithms to improve data acquisition, analytics, and visualization for seed breeders. Following this first push, the company has made an impressive mark, managing over 70% of all soybean breeding plots in the 3 main geographies: Argentina, Brazil, and the USA.
The company then expanded their expertise, bringing in functionalities which targeted Breeding, Crop Protection, Crop Nutrition, Marketing, and Sales and launched their proprietary solution: Eiwa Vault. This platform combines technology, images and data, enabling field information and data knowledge management in a simple and reliable framework focused on faster product development cycles and accelerated market deployment of Farm Inputs.
This commitment to innovation continues to drive the company. The latest round of funding will be directed towards funding both continued development and scaling the product on the market.
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