# Hummingbird Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hummingbird-technologies

- Industry: Software
- Headquarters: London, UK
- Website: www.hummingbirdtech.com
- Total disclosed funding: $6.4M
- Latest round: Series B (Sep 16, 2019)
- Investors on record: 10

## About

Hummingbird Technologies Limited is a provider of advanced agricultural technology solutions that enhance crop productivity through precision farming tools utilizing satellite imagery and artificial intelligence for data-driven decision-making.Founded in 2015, Hummingbird Technologies Limited is based in London, UK, and specializes in agricultural technology. The company has undergone strategic pivots to enhance its product offerings, focusing on precision farming solutions. The company has successfully completed 5 funding deals, with the most recent being a Series B round in July 2022, raising GBP 2.000 mn, and bringing the total amount raised to GBP 2.000 mn. Hummingbird Technologies is led by CEO Alexander Jevons.Hummingbird Tech specializes in providing advanced agricultural technology solutions aimed at enhancing crop productivity and sustainability. Their core offerings include precision farming tools that utilize satellite imagery and artificial intelligence to deliver actionable insights to farmers. These solutions facilitate data-driven decision-making processes that address challenges such as resource management and crop health monitoring. Hummingbird Tech primarily serves a diverse client base that includes agricultural producers, cooperatives, and agronomists across various geographical markets, notably in Europe, North America, and parts of Asia. By leveraging advanced technology, Hummingbird Tech aims to optimize agricultural practices and improve overall yield outcomes for its end users.In the most recent financial year of 2018, Hummingbird Tech reported a revenue of GBP 346,619 with an EBITDA of GBP -147,000. The company generates revenue through a subscription-based model, allowing clients to access their precision farming platform for ongoing insights and analytics tailored to their specific needs.Following its acquisition by Agreena ApS in July 2022, Hummingbird Technologies plans to expand its operational capacity into Australia and the Americas. The acquisition will enhance Agreena's carbon farming capabilities. Hummingbird is also focused on developing new products aimed at improving agricultural practices and increasing market reach in the coming years.

## Funding rounds

- Series B, Sep 16, 2019, $2.5M — TELUS Ventures, BASF, SALIC, Downing
- Series A, Nov 13, 2017, $3.1M — Horizons Ventures, Samos Investments, European Space Agency, Newable, Velcourt Group Ltd, Downing
- Seed, Mar 18, 2016, $0.8M — Samos Investments, Force Over Mass Capital, Velcourt Group Ltd

## Investors

- Samos Investments (https://capitalatlas.ai/funds/samos-investments) — Seed, Series A
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed
- Velcourt Group Ltd — Seed, Series A
- Horizons Ventures — Series A
- European Space Agency — Series A
- Newable (https://capitalatlas.ai/funds/newable) — Series A
- Downing (https://capitalatlas.ai/funds/downing) — Series A, Series B
- TELUS Ventures (https://capitalatlas.ai/funds/telus-ventures) — Series B
- BASF (https://capitalatlas.ai/funds/basf) — Series B
- SALIC — Series B