Red Dot leads investment in agricultural start-up, Supplant
Red Dot Capital has raised USD 27 million through a Series C funding round in Supplant, a start-up that develops a system that monitors information from plants and the soil in which they grow.
There was participation from Menomadin Foundation, Smart-Agro Fund, Mivtah Shamir, Deshpande Foundation, PBFS and Maor Investments. This brings to more than USD 46 million, the total amount raised by SupPlant.
SupPlant’s technology enables farmers to improve yields, productivity and water use efficiency on a large scale and become less vulnerable to volatile weather conditions.
Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron advised Red Dot Capital, with the team led by partner Roy Caner, senior associate Bar Kram Associate and Amit Horovitz, from the firm’s Corporate, Hi-Tech and M&A Department, as well as partner Eyal Birenberg, and associate Bar Artzy of the firm’s Labor Department and partner Lior Etgar and associate Amir Noy of the Privacy department.
