# Phenospex

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

- Industry: Agribusiness
- Headquarters: Heerlen, Netherlands
- Website: www.phenospex.com
- Total disclosed funding: $3M
- Latest round: Series A (Jul 10, 2018)
- Investors on record: 3

## About

Phenospex BV is a company specializing in innovative digital phenotyping solutions aimed at enhancing agricultural efficiency and plant research through advanced technology.Founded in 2011 and headquartered in Heerlen, Netherlands, Phenospex BV focuses on digital phenotyping for agriculture. The company has undergone strategic growth evidenced by their Series A funding round in July 2018, where they raised EUR 2 million, led by Future Food Fund with support from Industriebank LIOF. CEO Grégoire Hummel oversees the operations, contributing to its mission to provide precise agricultural tools.Phenospex specializes in advanced digital phenotyping solutions designed to enhance agricultural productivity and plant research. Their core offerings include the PlantEye F600, a multispectral 3D scanner that captures detailed plant metrics to analyze growth and health, and the DroughtSpotter, which provides precision irrigation and weight data for optimized water usage. Other notable products include HortControl, for visualizing and analyzing plant sensor data, and MicroScan, a portable digital phenotyping tool suited for both lab and greenhouse environments. These products address the needs of plant scientists and agronomists by facilitating accurate symptom quantification and screening processes, particularly for herbicides and biostimulants. Phenospex's products find application in diverse geographical markets, including Europe, North America, and parts of Asia, serving a client base comprising research institutions, agricultural enterprises, and agrochemical companies.Phenospex generates revenue through a combination of direct sales and potential subscription models for its advanced phenotyping systems. The structure includes B2B transactions, where clients purchase equipment such as the flagship PlantEye F600 or enter into partnerships for ongoing support and software updates. Revenue from sales comes from both individual product purchases and comprehensive solutions that integrate multiple systems for enhanced functionality, reflecting the value provided to customers in improving agricultural outcomes. The company maintains relationships with various sectors within agriculture, ensuring a steady flow of revenue through its innovative offerings.Phenospex plans to utilize their EUR 2 million raised in the Series A funding round to enhance product development and expand their market reach. The company aims to launch new products designed for more efficient agricultural practices and intends to enter additional markets across Europe and Asia by 2022, thereby broadening their geographical footprint. Recent funding will support the development of these initiatives, enabling the company to innovate further in the digital phenotyping space.

## Funding rounds

- Series A, Jul 10, 2018, $2.4M — Industriebank LIOF, Future Food Fund
- Seed, Dec 13, 2011, $0.7M — Nedermaas High Tech Ventures, Industriebank LIOF

## Investors

- Nedermaas High Tech Ventures (https://capitalatlas.ai/funds/nedermaas-high-tech-ventures) — Seed
- Industriebank LIOF (https://capitalatlas.ai/funds/industriebank-liof) — Seed, Series A
- Future Food Fund — Series A