Tech Company Financing Transactions
xFarm Technologies Funding Round
xFarm Technologies, based in Manno, Ticino, raised $39 million from Partech Partners, Mouro Capital and Swisscom Ventures.
Transaction Overview
Company Name
Announced On
10/9/2024
Transaction Type
Venture Equity
Amount
$39,000,000
Round
Series C
Investors
Partech Partners (Lead Investor)
Swisscom Ventures (Alexander Schlaepfer)
Proceeds Purpose
The company intends to use the funds to consolidate its position in Europe and accelerate its expansion throughout the rest of the continent, as well as in LATAM, India, Turkey, and the US, where it has already started to strengthen its presence through new hiring and strategic partnerships.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
Via Cantonale 18, Suglio
Manno, Ticino, 6928
Switzerland
Manno, Ticino, 6928
Switzerland
Phone
Website
Email Address
Overview
xFarm was born out of founder Matteo Vanotti's need to use a digital service to digitally manage the agricultural company that he runs with his brothers in a simple and efficient manner. The platform that was created proved to be so promising that it pushed him to create xFarm together with Salvatore Ferullo, the Company's CEO, and Martino Poretti, head of Research and Development.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matteo Vanotti
Chief Financial Officer
Giuseppe Manzione
Chief Technical Officer
Salvatore Ferullo
VP - Marketing
Nicolò Barbano
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