Startups

Turkish agricultural technology startup ForFarming received ₺3 million investment from Founder One

Founder One, the venture capital investment fund that supports early-stage technology-focused impact entrepreneurs who produce solutions to make the world more livable, invested ₺3 million in ForFarming, an agricultural technology startup that develops smart and accessible solutions for farmers.

Founder One, which makes early-stage investments in startups that will have a sustainable positive impact on society or the environment and have measurable impact goals, has invested ₺3 million in agricultural technology startup ForFarming.

“We are very happy to make our first investment in agricultural technologies”

Founder One Investment Committee Member and General Manager Ali Sahin stated that they are very pleased to make Founder One’s first investment in the agricultural technology sector. Ali Sahin said, “As the Turkish Entrepreneurship Foundation and the Turkish Informatics Foundation, with the partnership of Maxis Venture Capital Portfolio Management, we have made our first investment in the agricultural technology sector as Founder One, which we established exclusively for impact investments. We will continue to support impact initiatives in the future as well.”

“We will accelerate our growth with the support of Founder One”

ForFarming Co-Founder and CEO Levent Atlas stated that they will continue to increase the growth momentum we have achieved with the investment we received from Founder One, and said, “Since 2019, we have been developing smart and accessible technologies for producers to obtain sustainable, quality and productive crops. Especially in the last year, we have been serving tens of thousands of manufacturers in countries such as Brazil, Spain, Canada and Mexico, as well as our country. We are delighted to receive investment from Founder One, which supports impact initiatives with a shared vision for social benefit. We want to continue our success by developing leading technologies and reaching more manufacturers with our new investment.”

So what is ForFarming?

With its SaaS solutions, ForFarming offers accessible and smart solutions for manufacturers to increase production efficiency and quality. Thanks to the processing of big data obtained so far and its algorithm that can suggest production conditions, Forfarming eliminates most of the problems arising from traditional agriculture and provides the most efficient production conditions. It provides services to approximately 16,000 producers in 8 different countries with its facility management, disease detection and food traceability applications in plants.

Source: Egirisim / Prepared by Irem Yildiz

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