Agricultural Magnetics

Founded in 2013 and headquartered in Dublin, Ireland, Agricultural Magnetics Limited specializes in cutting-edge agricultural solutions.00 million from LTM Investments Cyprus Limited.MagrowTec specializes in advanced agricultural spraying solutions, primarily through its patented MagrowTec Boom Kit, which integrates magnetic assist spray technology to enhance efficiency in crop protection. The system is designed to create right-sized droplets that minimize drift and optimize coverage, ensuring that sprays adhere effectively to targeted plants, such as cotton and peanuts. This innovation addresses prevalent issues in traditional spraying methods, which often waste between 60% and 90% of chemical inputs. MagrowTec’s products cater to cotton farmers in key agricultural regions, particularly in the United States, including states like Georgia, Mississippi, and Alabama.The company operates on a business-to-business (B2B) model, selling its products primarily through direct transactions with agricultural producers and authorized dealers.60. The MagrowTec Boom Kit, as the flagship product, is typically sold as a complete system that can be retrofitted to existing sprayers, enhancing current equipment without substantial capital investments. The company is working on advancing its product lineup, although specific release dates have not been disclosed. Additionally, Agricultural Magnetics Limited aims to penetrate new geographic markets, particularly targeting regions with significant agricultural activity to increase adoption of its innovative solutions.

1. Series A

   Jun 18, 2021

   Amount

   $4.6M

   Investors

   Locked

2. Series A

   Aug 10, 2020

   Amount

   $2.4M

   Investors

   Locked