# AgXeed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agxeed-b-v

- Industry: Consumer Services
- Headquarters: Netherlands
- Website: www.agxeed.com
- Latest round: Seed (May 12, 2021)
- Investors on record: 2

## About

AgXeed B.V. is a Dutch company specializing in autonomous agricultural solutions through advanced robotics, enhancing operational efficiency for farmers via its innovative AgBots and cloud-based management systems.Founded in 2018 in the Netherlands, AgXeed B.V. focuses on autonomous farming technologies. The company has not undergone significant pivots or changes in operations since its inception. It operates from its headquarters in the Netherlands. The CEO, Joris Hiddema, leads the company, which has secured investment in 2 deals, including a Series A funding round in July 2021 from CLAAS KGaA mbH, aimed at expanding its technological capabilities and market reach.AgXeed specializes in autonomous farming solutions, primarily through its flagship products known as AgBots, which include models such as the AgBot 5.115 T2, AgBot 2.055 W4, and AgBot 2.055 W3. These machines are designed to operate autonomously for extended periods, up to 23 hours, utilizing advanced algorithms and cloud-based data models to enhance operational efficiency. The AgXeed Portal complements these units by allowing farmers to pre-plan agricultural activities, manage scenarios based on environmental variables, and monitor operational data to improve yield quality and overall productivity. The company targets agricultural markets in Europe, with particular distributions in the UK, Germany, and the Netherlands, serving a diverse clientele that includes large-scale farms, cooperatives, and individuals seeking to optimize their farming practices through automation.AgXeed generates revenue through the sale of its AgBots and the associated services offered via the AgXeed Portal. The revenue model primarily involves direct sales to end-users and partnerships with distribution partners who facilitate the initial setup and ongoing support for the machines. Transactions typically encompass one-time purchases of AgBots, along with potential subscription fees for access to advanced features of the AgXeed Portal, which may include data analytics and enhanced operational planning tools. The pricing structure reflects the capabilities of individual AgBot models, catering to various agricultural applications and soil types. Additional revenue streams may arise from service agreements and maintenance packages offered to customers post-purchase, ensuring continuous support and optimal performance of the equipment.AgXeed plans to enhance its product line by designing new AgBot models with advanced features aimed at improving efficiency and usability, with expected launches over the next few years. The company targets expansion into additional European markets, specifically France and Italy, by 2024. Recent funding from the Series A round in July 2021 will be utilized to support product development and market expansion initiatives.

## Funding rounds

- Seed, May 12, 2021 — CLAAS KGaA mbH, Amathaon Capital

## Investors

- CLAAS KGaA mbH — Seed
- Amathaon Capital (https://capitalatlas.ai/funds/amathaon-capital) — Seed