About Croptide
Croptide is a company based in Napier (New Zealand) founded in 2019 by Hamish Penny and Finn Brown.. Croptide has raised $1 million across 1 funding round from investors including Icehouse Ventures and Masfen Group. Croptide offers products and services including Plant Sensor and Decision Support Platform.
- Headquarter Napier, New Zealand
- Founders Hamish Penny, Finn Brown
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Croptide Opco Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Dec 15, 2021
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Investors
Icehouse Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Croptide
Croptide offers a comprehensive portfolio of products and services, including Plant Sensor and Decision Support Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device that gathers insights from plant stems for farming decisions
Platform integrating sensor and weather data for crop optimization
Funding Insights of Croptide
Croptide has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
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First Round
First Round
(15 Dec 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Croptide | Valuation | Icehouse Ventures , Masfen Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Croptide
Croptide has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Icehouse Ventures and Masfen Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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PE fund focused on high growth companies of New Zealand
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Founded Year | Domain | Location | |
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Masfen Group is engaged in investment activities across New Zealand.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Croptide
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Croptide
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Croptide Comparisons
Competitors of Croptide
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Croptide
Frequently Asked Questions about Croptide
When was Croptide founded?
Croptide was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Croptide located?
Croptide is headquartered in Napier, New Zealand. It is registered at Napier, Hawke's Bay, New Zealand.
Who is the current CEO of Croptide?
Hamish Penny is the current CEO of Croptide. They have also founded this company.
Is Croptide a funded company?
Croptide is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Dec 15, 2021.
What does Croptide do?
Croptide is a company that specializes in delivering real-time plant intelligence to farmers. They have developed a novel sensor that provides precise readings from the plant stem, enabling growers to make smarter and more effective growing decisions. Their mission is to support improvements in yield and quality outcomes while reducing inputs such as water and fertilizer.
What products or services does Croptide offer?
Croptide offers Plant Sensor and Decision Support Platform.
Who are Croptide's investors?
Croptide has 2 investors. Key investors include Icehouse Ventures, and Masfen Group.