# Finres

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.finres.org
- Total disclosed funding: $4.6M
- Latest round: Seed (Jul 11, 2023)
- Investors on record: 8

## About

Based in Paris, France, and founded by Florent Baarsch (CEO) in 2019, Finres SAS operates as a software development company offering an agricultural platform that provides solutions for comprehending and analyzing climate change data. In July 2023, the firm raised EUR 4.1 million in seed funding led by investor Speedinvest with participation from other investors Illuminate Financial Management, AFI Ventures, Kima Ventures, etc. The firm as of July 2023 is operating in more than 32 countries and has over 25 bank partners including World Bank, the United Nations, BDP Bolivia, AFD, etc.

The company offers scientific and artificial intelligence (AI) solutions to farmers and agricultural sectors as well as investors to increase the crop yield over climate constraints, understand and evaluate climate risks, and prioritize investment decisions. The company by utilizing AI, a decision-making approach under deep uncertainty (DMDU), and phenological characteristics analyze the evolution of the climate and the suitability of crops. Some of the company’s projects include mobilizing GCF funding for the resilience of the crop sector with commercial banks in Tanzania, raising capital from the Green Climate Fund (GCF) to finance the project IGREENFIN for 11 countries of the Great Green Wall, and improving agricultural water management for Cambodia’s agricultural sector.

The company plans to utilize its July 2023 funding to accelerate the launch of its platform as well as to acquire new customers and partners across Africa, the Americas, Asia, and Europe.

## Funding rounds

- Seed, Jul 11, 2023, $4.6M — Kima Ventures, Plug and Play, Speedinvest, Illuminate Financial, Tiny Super Computer Investment Company, Alliance For Impact Ventures, Raise Sherpas, Better Angle

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Seed
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- Alliance For Impact Ventures (https://capitalatlas.ai/funds/alliance-for-impact-ventures) — Seed
- Raise Sherpas (https://capitalatlas.ai/funds/raise-sherpas) — Seed
- Better Angle (https://capitalatlas.ai/funds/better-angle) — Seed