KisanHub raises £1.12m to connect agri-food supply chains from seed to sale
The online SaaS platform that streamlines data collection, decision making and communications for supply chains, secures funding for £1.12m.
Supply chains are one of the most complicated and least efficient areas when it comes to delivering goods from farmers to consumers.
Cambridge based company KisanHub is a supply chain management platform that harnesses big data and machine learning to help growers, field staff, procurement managers and management teams make informed decisions.
KisanHub focuses on crop intelligence, supply chain intelligence, integrating data from crops, stores, load dispatches, satellites and field sensors in order to help businesses meet contractual obligations on quality and quantity of the produce.
The funds secured will help KisanHub continue supporting agricultural enterprises based in UK and Europe who supply retailers and processors that work with a network of contract farmers and/or own their own farmland.
The investment by Low Carbon Innovation Fund 2 (LCIF2) was backed from the Future Fund and was supported by the existing investors, including IQ Capital, Notion Capital, and Sistema_VC. To further promote the values of sustainability in food supply chains with support from government investors.
LCIF2 is funded by the European Regional Development Fund, with the UK Ministry of Housing, Communities and Local Government as the Managing Authority. The fund is managed by Turquoise, the London-based merchant bank that specialises in energy, environment, and efficiency.
Sistema VC, which led KisanHub’s £3.4 million ($4.52 million) Series A round in July last year, said it backed the company for its ability to make the supply chain more reliable and the procurement process more predictable.
Dr Sachin Shende, CEO & Co-Founder of KisanHub, described:
“We are delighted to welcome LCIF2 as an investor in KisanHub. This investment will enable us to grow the business in the UK and Europe and strengthen our links with local and national governments”.
KisanHub was founded back in 2013 in Cambridge by Sachin Shende and Giles Barker. The multi-award-winning software simplifies how data moves through food production, to connect national and international supply chains from seed to sale. Now KisanHub supports thousands of growers worldwide manage almost 200,000 acres to produce over 50 different types of fresh produce we enjoy from our supermarket shelves.