
Elaisian
Developed a precision farming system that prevents diseases for olive groves and vineyards.
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
N/A | €0.0 | round | |
€600k | Convertible | ||
Total Funding | 000k |
EUR | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 150 % | 55 % | (1 %) | 11 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (198 %) | (123 %) | (150 %) | (70 %) | (21 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Elaisian, a Rome-based agritech company founded in 2016 by Damiano Angelici and Giovanni Di Mambro, provides a decision support system for the agricultural sector. Angelici, the CEO, and Di Mambro, the COO, combined their experiences in startups and agriculture to address key challenges in farming, particularly for perennial crops. Their work earned them a place in Forbes Italy's "100 Under 30" for 2020.
The company's core offering is an integrated platform that utilizes proprietary algorithms, AI, and data from on-site weather stations and sensors to help farmers manage their crops. This system analyzes climatic data and agronomic studies to predict plant diseases up to a week in advance with high accuracy and to optimize crucial farming activities like irrigation, fertilization, and treatments. Farmers receive alerts and reports, enabling them to intervene precisely when needed, which helps in reducing the use of resources such as pesticides and water. The service is delivered through a subscription-based model.
Initially focused on olive groves, a sector they identified as having significant potential for technological advancement in Italy, Elaisian has expanded its services to include vineyards, almond groves, and other orchards. The platform is designed to be scalable, serving both small producers and large agricultural companies. Significant milestones include a seed funding round in October 2016 led by Startupbootcamp and a bridge round of approximately $900,000 in March 2022 to fuel international expansion and development. This has supported its growth to serve over 4,000 farms across 20 countries.
Keywords: precision agriculture, agritech, decision support system, farm management, olive groves, vineyards, almond cultivation, crop monitoring, disease prediction, irrigation optimization, sustainable farming, smart agriculture, IoT in agriculture, agricultural data analytics, Damiano Angelici, Giovanni Di Mambro, AI farming, water management, fertilizer reduction, pest control