Revotree
closedHelps farmers to reduce inputs and increase productivity thanks to IoT and predictive analytics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
€176k | Seed | ||
| Total Funding | 000k | ||
| EUR | 2019 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| % profit margin | (135 %) |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
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Revotree was a Milan-based AgTech company founded in 2016 by Cosimo Calciano, who served as its CEO. The inspiration for the company stemmed from a personal experience in Calciano's family orchard, where an over-watering incident led to a 20% loss of their apricot harvest. This event highlighted the challenges farmers face in accurately managing irrigation. Coming from an entrepreneurial family, Calciano was driven to create a solution to improve agricultural efficiency.
The company developed an integrated platform for precision agriculture, targeting orchards and vineyards. Its core product was an IoT system that used on-field, solar-powered sensors to monitor soil moisture, air temperature, and humidity in real-time. This data was fed into an analytics platform, accessible via a mobile application, which provided decision support and could automate irrigation operations. The system was designed to be compatible with existing irrigation setups. By leveraging this technology, Revotree aimed to help farmers save up to 50% on water consumption, reduce pesticide and fertilizer use, and increase crop productivity.
Revotree's business model was based on providing its technology to agricultural firms to create recurrent revenue through its data platform. The company gained some traction, securing approximately $198K in funding over three rounds, including grants from the European Union, and was recognized with the Amazon Web Services Special Award in 2018. At one point, its system was installed on over 50 hectares of farmland. The team included engineers and designers from Politecnico di Milano and agronomists from the State University of Milan. Despite its early progress and partnerships, including one with the Geneva Department of Agriculture, the company is now listed as dead-pooled.
Keywords: precision agriculture, IoT irrigation, AgTech, soil moisture sensors, smart farming, water management, crop monitoring, farm automation, irrigation automation, Cosimo Calciano, agriculture analytics, vineyard technology, orchard management, sustainable agriculture, environmental monitoring, remote sensing, agricultural IoT, Milan startup, deadpooled, LUISS ENLABS