# eAgronom OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eagronom-ou

- Industry: Agribusiness
- Headquarters: Tartu, Estonia
- Website: www.eagronom.com
- Total disclosed funding: $22M
- Latest round: Series A (Jul 2, 2024)
- Investors on record: 12

## About

Based in Estonia, eAgronom OÜ provides agricultural solutions that enhance farming efficiencies and promote sustainability through innovative programs and software.eAgronom OÜ, founded in 2016 in Tartu, Estonia, offers agricultural solutions, focusing on carbon farming and farm management. The company has completed 13 deals, with its latest funding round being a series A2, raising an undisclosed amount from Mondelez Global LLC. The current CEOs are Adam Mikolajczak and Robin Saluoks.eAgronom offers innovative solutions aimed at enhancing the agricultural sector, primarily through its Carbon Program, sustainable farming loans, and farm management software. The Carbon Program enables farmers to implement practices that optimize costs, increase profitability, and promote environmental stewardship by focusing on carbon farming initiatives. This service has been particularly beneficial for conventional farmers, such as Michal Pietrasik, who have adopted prepayment options to improve their soil health while simultaneously securing long-term financial stability. Alongside these offerings, eAgronom provides specialized farm management software designed to help farmers efficiently manage their operations and data. The company primarily serves farmers across various regions, including Poland and broader European agricultural markets, targeting both conventional and sustainable farming communities seeking to improve their practices.eAgronom generates revenue through a structured transaction model that revolves around its primary offerings, particularly the Carbon Program and financial services. In 2023, the company reported a revenue of EUR 1,481,310.30 and an EBITDA loss of EUR 2,074,995.10. These transactions typically involve direct engagement with farmers, where subscriptions and partnerships facilitate the adoption of their services. For instance, farmers may enroll in the Carbon Program to receive annual payments in exchange for implementing carbon-reducing practices while also utilizing farm management software to enhance operational efficiency. The company may also engage with food companies and resellers, establishing B2B relationships that leverage their technological solutions to foster sustainable agricultural practices. The company will use the May 2025 funding to expand in key markets and accelerate its adoption of sustainable practices.

## Funding rounds

- Series A, Jul 2, 2024, $11M — ICOS Capital, Swedbank, SmartCap, Soulmates Ventures
- Series A, Feb 8, 2022, $7.4M — ZGI Capital, Trind Ventures, Specialist VC, Iron Wolf Capital, Yolo Investments
- Seed, Apr 1, 2020, $1.3M — Iron Wolf Capital
- Seed, Jan 1, 2019, $1.9M — Superangel
- Seed, Nov 15, 2018, $1.1M — TMT Investments, Balnord, Trind Ventures, Specialist VC

## Investors

- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Seed
- Balnord — Seed
- Trind Ventures (https://capitalatlas.ai/funds/trind-ventures) — Seed, Series A
- Specialist VC (https://capitalatlas.ai/funds/specialist-vc) — Seed, Series A
- Superangel (https://capitalatlas.ai/funds/superangel) — Seed
- Iron Wolf Capital (https://capitalatlas.ai/funds/iron-wolf-capital) — Seed, Series A
- ZGI Capital (https://capitalatlas.ai/funds/zgi-capital) — Series A
- Yolo Investments (https://capitalatlas.ai/funds/yolo-investments) — Series A
- ICOS Capital (https://capitalatlas.ai/funds/icos-capital) — Series A
- Swedbank — Series A
- SmartCap (https://capitalatlas.ai/funds/smartcap) — Series A
- Soulmates Ventures (https://capitalatlas.ai/funds/soulmates-ventures) — Series A