HEMAV Paves the Way for Agricultural Innovation with €8M Funding Boost
Barcelona, December 2024 – HEMAV, a company dedicated to making agriculture more sustainable, leverages AI technology to help agriculturalists predict harvests, optimize resource use, and grow more food with fewer inputs. In a significant step toward global expansion, HEMAV has successfully raised €8 million in funding. The funding, led by sustainability-focused investors Future Food Fund, PureTerra Ventures, and Inclimo, will enable HEMAV to enhance its cutting-edge SaaS platform, LAYERS. This platform supports agriculturalists in making smarter, data-driven decisions to optimize yields, reduce input costs, and enhance resource efficiency, fostering sustainable practices across the industry.
2024: A Year of Expansion and Achievement
HEMAV’s innovative approach to agriculture has driven remarkable growth throughout 2024. The company expanded its presence to 24 countries, digitizing 9.2 millions of hectares of farmland by leveraging its advanced SaaS platform, LAYERS. LAYERS processes data from diverse sources and, by utilizing billions of data points, enabling users to reduce input costs by up to 30%. Through precision insights, the platform optimizes resource application and enhances logistics with highly accurate yield predictions. Furthermore, HEMAV has been at the forefront of traceability management, offering blockchain-secured tools that ensure compliance with sustainability standards and provide zero deforestation certificates. Its advanced irrigation models, which leverage evapotranspiration and vegetation cover analysis, empower agriculturalists to adopt sustainable practices while maximizing water efficiency. The launch of HEMAV’s CROP MASTERS initiative added another layer of impact by providing tailored consultancy and training. Guided by HEMAV’s local experts, the program equips agricultural leaders with actionable insights and region-specific strategies to meet the twin challenges of climate change and global food security.
We’re revolutionizing agriculture and estimating production at a national scale—this is an enormous step,” said Xavier Silva, CEO of HEMAV. “As we look to 2025 and beyond, we remain steadfast in our mission to deliver groundbreaking AI-powered tools that foster security in global food supplies and promote sustainable practices, ensuring a healthy and prosperous environment for future generations.
Collaborating with Visionary Partners
The addition of Future Food Fund, PureTerra Ventures, and Inclimo to HEMAV’s network of supporters underscores a shared belief in the transformative potential of technology in agriculture. These investors, known for their focus on sustainability and innovation, bring invaluable expertise and resources to the company.
Future Food Fund is a Netherlands-based venture capital firm investing in Seed and Series A companies across Western Europe that are revolutionizing the food and agriculture value chain. By targeting innovative startups, Future Food Fund aims to address critical sustainability challenges, including greenhouse gas emissions, biodiversity loss, and water demand, fostering a sustainable future within planetary boundaries. Jeroen Kimmels, partner at Future Food Fund, commented:
We are impressed by Hemav’s remarkable growth into a global leader, providing farmers with the most accurate yield forecasting tool available in the market
PureTerra Ventures is a Netherlands-based venture capital firm dedicated to scaling innovative technologies that address global water and sustainability challenges. With a strong focus on impact investing, PureTerra partners with disruptive startups to create meaningful environmental, social, and financial outcomes. Nic Pannekeet at PureTerra Ventures commented:
We are thrilled to support HEMAV in its journey to redefine modern farming. HEMAV’s innovative platform is not only improving agricultural productivity but also tackling one of the planet’s most pressing challenges—water scarcity. Their technology is a game- changer for sustainable farming, and we’re excited to help them scale.
Inclimo focuses on investing in disruptive technologies that directly address the climate emergency and drive transformative system change. Based in Spain, Inclimo focuses on identifying and supporting companies with high growth potential that contribute to decarbonization and climate change mitigation. With tailored methodologies and tools, Inclimo emphasizes responsible investments that deliver measurable environmental and financial impact.
This investment represents a pivotal moment in our journey to transform agriculture through AI and innovation,” said Fernando Casado, General Partner at Inclimo. “At Inclimo, we are proud to support HEMAV’s mission to empower farmers worldwide with smarter, sustainable solutions that not only optimize yields but also address the urgent challenges of climate change and food security.
Tackling Global Challenges with AI
The agricultural sector faces significant challenges, including rising food demand, climate change, and a staggering 30% of global food waste. At HEMAV, we tackle these issues with LAYERS, our AI-driven platform that helps agriculturalists optimize yields, reduce input costs, and cut waste by up to 30%. By aligning with SDGs 2, 6, 12, 13, and 15, we are committed to improving food security, water efficiency, sustainable consumption, and combating climate change for a more resilient agricultural future.
Driving the Future of Sustainable Agriculture
This investment will fuel the continued evolution of LAYERS, enabling HEMAV to scale its predictive capabilities and expand its impact across new regions. By bridging advanced AI with on-the-ground farming needs, HEMAV equips the agricultural community with the tools necessary to thrive in a rapidly changing world. This investment also coincides with a strategic restructuring of the company’s shareholder base. We would like to extend our gratitude and bid farewell to the 61 small shareholders who have been instrumental in the company’s journey over the past decade. Special thanks are also extended to the legal team at Osborne Clarke for their vital contributions to this milestone. As the company enters 2025, it remains committed to delivering innovative solutions that empower agriculturalists to optimize resources, address climate change, water scarcity, enhance food security, and promote sustainability on a global scale.
For further information, please contact:
Josué Urízar
jurizar@hemav.com
