Speedinvest leads a €1.3M pre-seed round for hexafarms, a German agritech

hexafarms, a Berlin-based startup that develops software for indoor commercial food production, has closed a €1.3 million pre-seed funding round led by Speedinvest. hexafarms will use the capital to develop its AI and ML capabilities as well as expand its team.

About Hexafarms

  • hexafarms was launched in 2021 by David Ahmed, Felix Kirschstein, and Huijo Kim. The startup is offering an AI-driven SaaS solution to facilitate optimized food production in commercial greenhouses. Serving large-scale facilities, hexafarms leverages diverse data from its proprietary cameras and sensors to yield meaningful insights, enabling a 30% increase in seasonal harvest for high-end crops.
  • The startup´s team claims that its app serves as the window into production by providing growers with accurate, tailored information regarding harvest time as well as highlighting issues that can be addressed to optimize plant biology in the production process.

Investment details

  • The frsh round was led by Speedinvest, a leading European VC fund with over 40 investment managers across the continent and offices in Berlin, London, Munich, Paris, and, mainly, in Vienna. In addition, the fund has built the seed stage investment team in Europe across six dedicated vertical teams: Climate Tech & Industrial Tech, DeepTech, Fintech, Health & Biotech, Marketplaces & Consumer, and SaaS & Infrastructure. 

The agricultural sector is in urgent need of innovative solutions to address the pressure from climate change on commercial food production process and food insecurity. We have strong confidence in hexafarms and cannot wait to see them further develop their AI and machine learning capabilities and expand their team of experts. We are convinced that their app will transform commercial food production through optimization and digitalization,

Andreas Schwarzenbrunner, Partner in Speedinvest Climate Tech & Industrial Tech investment team, says.
  • Mudcake, a Stockholm-based microfund that invests globally in founders shaping the way we produce, distribute, and consume food, and Techstars, an American pre-seed investor having invested in more than 3,800 companies, also joined the investment round.

With the fresh capital, hexafarms will further develop its AI and machine learning capabilities as well as expand its research and development teams.