Russians invest in KisanHub £3.4m round
Quoted Moscow investor Sistema has joined UK funds in backing a £3.4 million Series A round for Cambridge AgriTech innovator KisanHub.
Notion in London and IQ Capital in Cambridge are the other major investors in the round as KisanHub accelerates digitalisation of its agri supply chain for global food and beverage giants.
A Business Weekly Awards winner in March, KissanHub will use the cash to scale deployment of its platform in multiple geographies.
By connecting supply chains with growers and collecting the data, the platform provides insights for more efficient process.
Supply chains are one of the most complex and least efficient components in the business of delivering goods from farmers to consumers. When they don’t function effectively, whole communities around the globe suffer.
KisanHub’s Series A round of funding will enable the company to build on 2018’s progress when it signed deals with two out of the five largest global food and beverage companies in the world.
KisanHub helps global food and beverage companies manage their supply chains efficiently by connecting directly with their farmers to collect information and by revealing supply-chain insights.
The investment round was led by venture capital firm Sistema who have previously invested in a number of European deep tech startups. The Sistema investment is alongside venture capital firms Notion and IQ Capital who followed their investment from the seed round.
The investment will be used to continue the development of the platform and implementation of it across multiple geographies for global brands. KisanHub currently has 14 enterprise clients using its platform to bring together supply chain data to help simplify complex decisions.
This helps to make agriculture predictable and profitable, helping enterprises and farmers move from intuition-based decision-making to analytical decision-making.
KisanHub’s CEO, Dr Sachin Shende said: “KisanHub’s existing clients are looking to scale the implementation across tens of thousands of farmers growing crops on millions of hectares of land spanning their global supply chain.
“This is a massive undertaking and also a massive opportunity for KisanHub with a big positive impact on sustainability.
“The Series A round will help KisanHub grow the team to scale the platform with focus on enhancing data insight capabilities. We are excited to have Sistema joining us on this journey and it is great to have our existing investors, Notion and IQ Capital, backing us again.”
Sistema’s managing partner, Dmitry Filatov aded: “Supply chain is one of the most complex and least efficient components in the business of delivering goods from farmers to consumers.
“Algorithms by KisanHub make the supply chain more reliable and the procurement process predictable.”
Belgian-based brewer AB InBev is a key KisanHub client. Chief procurement and sustainability officer, Tony Milikin said: “After KisanHub’s strong pilot performance in our 100+ Accelerator in the APAC region, we are very pleased to see them go on and raise a substantial Series A investment round.
“Over the last year, we worked together to implement their technology to improve the sustainable farming practices of thousands of farmers in India, as part of our journey to hit our 2025 Sustainability Goal as well as the UN’s sustainable development goals.”