Guardian Agriculture: Raises $10.5M in Seed Financing

  • Guardian Agriculture, a Malden, MA-based eVTOL-powered crop protection company, came out of stealth with a $10.5m in seed financing
  • The round was led by Leaps by Bayer with participation from FMC Ventures, Wilbur-Ellis’ Cavallo Ventures, Fall Line Capital, the MIT-affiliated E14 Fund, Pillar VC and Neoteny
  • The company, which has raised $15.5m in total financing, also intends to use the funds to accelerate development and production of its crop protection system
  • Guardian Agriculture has developed an integrated eVTOL (electric vertical takeoff and landing) system for precision application
  • Offered as a service, the company’s autonomous, eVTOL, agricultural systems collect and act intelligently on data generated throughout the crop protection process
  • When deployed at scale the systems are capable of eliminating hundreds of millions of pounds of unnecessary pesticide use annually while helping farmers grow healthier
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...