# Equinom

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/equinom

- Industry: Agribusiness
- Headquarters: Israel
- Website: www.equi-nom.com
- Total disclosed funding: $30M
- Latest round: Series C (Jun 22, 2021)
- Investors on record: 6

## About

Equinom Ltd., based in Israel, is a pioneering seed breeding company that leverages artificial intelligence to enhance grain analysis and processing, providing innovative solutions for the agricultural sector.Founded in 2012 in Israel, Equinom Ltd. specializes in developing advanced agricultural technologies. The company has not undergone any significant business pivots since its inception. The CEO, Gil Shalev, has a history of entrepreneurship but specific prior ventures are not detailed. As of June 2024, Equinom raised USD 35.00 mn in a funding round led by Synthesis Capital, with additional investments from BayWa Venture, Bunge Ventures, CPT Capital, Fortissimo Capital, Phoenix Insurance Company, and Praesidium. This round represents the total amount raised by the company, comprising 9 deals in total since its establishment.Equinom specializes in innovative agricultural technology, primarily through its core product, Manna™ AI software, which revolutionizes grain analysis and processing. This platform integrates advanced artificial intelligence to optimize milling outputs and enhance the functional performance of various grains, such as wheat and protein crops. Manna™ AI empowers users, including millers, traders, and ingredient processors, to make informed decisions regarding grain purchasing, storage efficiency, and processing outputs. The software's capacity to analyze grain characteristics enables users to predict the quality and applicability of grains for specific end-use requirements, facilitating streamlined production processes. Equinom serves a diverse global client base, including food manufacturers and processors across various markets, such as North America and Europe, focusing on enhancing food innovation through proprietary non-GMO crop varieties.Equinom operates on a subscription-based model for its Manna™ AI software, providing a scalable SaaS solution that generates recurring revenue from clients engaged in the grain value chain. Customers, which include agricultural traders, millers, and food ingredient processors, can access tailored insights and actionable data derived from their specific grain analyses. The transaction structure is designed to foster long-term partnerships, with clients benefiting from continual updates and support as part of their subscription agreements. By leveraging its robust analytics capabilities, Equinom builds a foundation for enhanced operational efficiency and cost savings for its clients, positioning itself as a vital tool in the grain processing industry. The company’s financial model is anchored in its flagship product, Manna™ AI, which drives its revenue growth through enhanced customer engagement and satisfaction.In June 2024, Equinom Ltd. raised USD 35.00 mn in venture funding, which will support the company’s strategy for future growth. This capital will be utilized to develop new features for the Manna™ AI software and expand its service offerings. Equinom aims to penetrate additional markets in North America and Europe, with plans to launch these initiatives by the end of 2025.

## Funding rounds

- Series C, Jun 22, 2021, $20M — Fortissimo Capital, Phoenix Insurance Company, BASF, Maverick Ventures Israel, Trendlines Agrifood Innovation Center
- Series B, Dec 12, 2019, $10M — Fortissimo Capital, BASF, Roquette Ventures, Trendlines Agrifood Innovation Center

## Investors

- Fortissimo Capital (https://capitalatlas.ai/funds/fortissimo-capital) — Series B, Series C
- BASF (https://capitalatlas.ai/funds/basf) — Series B, Series C
- Roquette Ventures (https://capitalatlas.ai/funds/roquette-ventures) — Series B
- Trendlines Agrifood Innovation Center (https://capitalatlas.ai/funds/trendlines-agrifood-innovation-center) — Series B, Series C
- Phoenix Insurance Company — Series C
- Maverick Ventures Israel (https://capitalatlas.ai/funds/maverick-ventures-israel) — Series C