InCeres
Smart software development company for the management of agriculture.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| USD | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 18 % | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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InCeres operates as a digital agriculture firm, providing a sophisticated platform focused on soil fertility management and plant nutrition to enhance decision-making for farmers, consultants, and cooperatives. Founded in 2014 by Leonardo Menegatti, the company emerged from extensive experience in precision agriculture consultancy and fieldwork. The Brazil-based company is headquartered in Piracicaba and has developed its solutions with support from research institutions like FAPESP and ESALQ/USP.
The company's core offering, the InCeres Tech platform, is a strategic planning tool that collects, processes, and analyzes agricultural data. Its features include farm mapping, automated data filtering, quality-assured soil collection via a dedicated app, and the generation of productivity maps and application recommendations. This enables users to manage soil variables effectively, optimize input purchasing, increase productivity, and reduce operational costs. The platform operates on a subscription-based business model, which generates recurring revenue.
Historically, the company has been backed by venture capital, raising approximately $1.52 million to $2.07 million through various funding rounds with investors including SP Ventures and Plug and Play Tech Center. A significant milestone occurred in August 2024 when Husqvarna Group signed an agreement to acquire InCeres. This acquisition positions InCeres as the cornerstone of Husqvarna's "Total Farm Management" offering, aiming to combine digital intelligence with mechanical solutions to address global challenges like climate change and the need for increased food production from less land.
Keywords: AgTech, precision agriculture, soil fertility management, digital farming, plant nutrition, farm data analytics, soil analysis, crop management, subscription business model, data-driven agriculture, sustainable farming, agricultural intelligence, farm mapping, soil data management, crop monitoring, Husqvarna acquisition, Leonardo Menegatti, Piracicaba, Brazil agtech, farmer decision support