Monthly Archives

December 2017

Skymet raises Series C funding from Germany’s InsuResilience Investment Fund

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Skymet raises Series C funding from Germany’s InsuResilience Investment Fund

Weather monitoring and agri-risk solutions provider Skymet Weather Services has raised a Series C funding round from German government’s InsuResilience Investment Fund by selling 26.8% stake, the company said on Monday.

The company, however, did not disclose the deal size. Ernst & Young LLP acted as the exclusive financial advisor to Skymet for this transaction.

Omnivore Partners-backed Skymet Weather raises Series C round

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Omnivore Partners-backed Skymet Weather raises Series C round

Noida-based weather forecasting services provider Skymet Weather Services Pvt. Ltd has raised its Series C round of funding from a foreign institutional investor, a top company executive told VCCircle.

The company raised the funding from InsuResilience Investment Fund, which is set up by German government-owned development bank KfW and managed by Swiss-based impact investment manager BlueOrchard Finance, said Jatin Singh, managing director of Skymet.

Skymet secures series C funding from InsuResilience investment fund

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Skymet secures series C funding from InsuResilience investment fund

Weather forecasting services provider Skymet Weather Services has closed a series C round of funding from the InsuResilience Investment Fund.

The company didn’t disclose the amount of funding raised but said that InsuResilience Investment Fund has acquired 26.8% stake in the company. InsuResilience Investment Fund was set up on behalf of the German government by KfW and is managed by Swiss-based impact investment manager BlueOrchard Finance.

Eight Agtech Startups Venturing Into Fintech

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Eight Agtech Startups Venturing Into Fintech

Just as startups are starting to address the entire food supply chain (hence the term agrifood tech), agtech companies are learning through experience that the financial realities on farms present both challenges and opportunities for innovation.

It’s no surprise then that company’s of various kinds are branching out from the world of agrifood tech into the world of fintech, both to make their products more accessible to their target customers and to generate more value from their core offerings.