# Ignitia

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

- Industry: Information Services
- Headquarters: Stockholm, Sweden
- Website: www.ignitia.se
- Total disclosed funding: $1.1M
- Latest round: Series A (Aug 24, 2018)
- Investors on record: 3

## About

Based in Sweden, Ignitia AB delivers innovative tropical weather intelligence solutions tailored for the agriculture sector, enhancing decision-making through hyper-localized forecasts and real-time alerts.Founded in 2010 in Stockholm, Sweden, Ignitia AB focuses on providing climate intelligence solutions, particularly for the agriculture industry. The company has raised a total of USD 4.2 mn in funding, with its most recent deal occurring on July 15, 2021, led by Novastar Ventures. The CEO is Andrew Lala, and the founder is Charlotte Jacquet.Ignitia specializes in hyper-localized weather data and climate intelligence solutions designed to enhance decision-making for various sectors, particularly agriculture. Their core offerings include real-time weather alerts based on synthetic radar technology, climate risk scoring that evaluates weather conditions for land, and high-resolution forecasts aimed at optimizing agricultural yields through precise planting date predictions. The services leverage advanced AI models combined with over 30 years of proprietary re-forecasting data to deliver accurate and localized weather predictions, with a forecast resolution as fine as 9x9 km and under 1 km for radar data. Ignitia's customer base primarily includes farmers and agricultural stakeholders in challenging climatic regions such as West Africa, Brazil, and the Philippines, as well as clients involved in early warning systems and smart city initiatives. Their platform is accessible via various channels, including WhatsApp, SMS, mobile applications, and a dedicated dashboard.In the year 2022, Ignitia reported revenues of USD 1,517,142.30 and an EBITDA of USD 908,470.60. The revenue model is based on subscription services tailored to the agriculture sector, allowing clients to receive ongoing weather updates, alerts, and climate analysis that assist in operational planning. The company's transaction structure encompasses both direct-to-consumer and business-to-business frameworks, facilitating partnerships with agricultural cooperatives and insurance companies.Ignitia plans to leverage its recent funding of USD 4.2 mn from its latest deal on July 15, 2021, led by Novastar Ventures, to support its expansion into new markets. The company aims to enhance its product offerings with new features to improve weather forecasting accuracy and broaden its geographical reach in agricultural hubs by the end of 2024. This expansion will target regions that experience significant climatic challenges, allowing Ignitia to further assist farmers and stakeholders in adapting to changing weather patterns.

## Funding rounds

- Series A, Aug 24, 2018, $1.1M — Norrsken VC, Hack VC, FINCA Ventures

## Investors

- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- FINCA Ventures (https://capitalatlas.ai/funds/finca-ventures) — Series A