{"id":98,"date":"2024-05-14T20:00:45","date_gmt":"2024-05-14T20:00:45","guid":{"rendered":"https:\/\/eurageng.eu\/?p=98"},"modified":"2024-05-22T19:36:04","modified_gmt":"2024-05-22T19:36:04","slug":"estonian-precision-agriculture-startup-raises-e1-4m","status":"publish","type":"post","link":"https:\/\/eurageng.eu\/?p=98","title":{"rendered":"Estonian precision agriculture startup raises \u20ac1.4M"},"content":{"rendered":"<p>Paul-Tech, an Estonian startup specializing in precision agriculture, has raised \u20ac1.4 million in a seed round. The funds will be used to expand into the UK market and advance the product offering. \u201cThis investment enables us to continue our technology development and provide accurate and reliable solutions to farmers across Europe,\u201d says Mikk Plakk, CEO and co-founder of Paul-Tech.<\/p>\n<p>The round was led by Estonian fund Superangel, with participation from SmartCap, Honey Badger Capital, the Estonian Business Angels Network (EstBAN), Tatoli AS, Overkill VC and business angels from Sweden.<\/p>\n<p>Paul-Tech\u2019s agricultural platform combines proprietary sensors, born out of multiple generations of research, with data analytics, allowing farmers to engage in more efficient management practices. Unlike traditional precision farming methods that rely solely on optical data, Paul-Tech\u2019s technology evaluates the effectiveness of fertilizers in the soil and provides farmers with insights on when they are running low or need to be replenished.<\/p>\n<p>\u201cOur unique soil-based approach provides recommendations based on real-time soil data from the customer\u2019s fields, weather and satellite data, as well as agronomic knowledge,\u201d stated Plakk. \u201cAs a result, farmers are able to increase crop yield whilst reducing its ecological footprint.\u201d<\/p>\n<p>Today, Paul-Tech\u2019s platform is used already by over 100 farmers from Estonia, Finland, Sweden and the UK. According to Paul-Tech\u2019s existing customers, using the data from their soil stations has enabled them to make smarter decisions: \u201cPaul-Tech\u2019s data enabled me to reduce the amount of fertilizers applied with winter crop sowing, and as a result, enabled savings of 55,000\u20ac with one decision. Other solutions in the market are not able to provide such level of information,\u201d says Estonia based farmer Jakob Lindam.<\/p>\n<p>\u201cIn the light of growing environmental, societal and economic pressure, sustainable practices are more crucial than ever.\u00a0 Paul-Tech\u2019s commitment to reducing water wastage, minimizing CO2 emissions, and enhancing crop production aligns seamlessly with our investment philosophy of intersecting sustainability and technological innovation. We are excited to support Paul-Tech in driving positive change within the agricultural sector and creating lasting value\u201d says Marko Oolo, partner at Superangel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul-Tech, an Estonian startup specializing in precision agriculture, has raised \u20ac1.4 million in a seed round. The funds will be used to expand into the UK market and advance the product offering. \u201cThis investment enables us to continue our technology development and provide accurate and reliable solutions to farmers across Europe,\u201d says Mikk Plakk, CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":99,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"vkexunit_cta_each_option":"","footnotes":""},"categories":[8],"tags":[16],"class_list":["post-98","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-paul-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Estonian precision agriculture startup raises \u20ac1.4M - The European Society of Agricultural Engineers<\/title>\n<meta name=\"description\" content=\"Paul-Tech, an Estonian startup specializing in precision agriculture, has raised \u20ac1.4 million in a seed round.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eurageng.eu\/?p=98\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estonian precision agriculture startup raises \u20ac1.4M - 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