About xFarm
xFarm is a company based in Milan (Italy) founded in 2017 by Matteo Cunial, Martino Poretti, Salvatore Ferullo, Matteo Vanotti, and Lucas Marchesini.. xFarm has raised $60.34 million across 6 funding rounds from investors including Partech Partners, European Union and Mouro Capital. xFarm offers products and services including xFarm App, xFarm Analytics, and xFarm CONNECT. xFarm operates in a competitive market with competitors including CropX, CropIn, Arable, Conservis and Semios, among others.
- Headquarter Milan, Italy
- Founders Matteo Cunial, Martino Poretti, Salvatore Ferullo, Matteo Vanotti, Lucas Marchesini
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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 Xfarm Technologies Sa
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60.34 M (USD)
in 6 rounds
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Latest Funding Round
$39.53 M (USD), Series C
Oct 09, 2024
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Investors
Partech Partners
& 11 more
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Employee Count
Employee Count
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Products & Services of xFarm
xFarm offers a comprehensive portfolio of products and services, including xFarm App, xFarm Analytics, and xFarm CONNECT. 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.
App for managing field activities and farm operations.
Platform for monitoring farm sustainability and resource use.
Service for integrating farm machinery and sensors.
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Funding Insights of xFarm
xFarm has successfully raised a total of $60.34M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $39.53 million completed in October 2024. 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 6
- Last Round Series C — $39.5M
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First Round
First Round
(04 Dec 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2024 | Amount | Series C - xFarm | Valuation | Partech Partners | |
| Mar, 2023 | Amount | Grant - xFarm | Valuation |
investors |
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| Feb, 2023 | Amount | Grant - xFarm | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 xFarm
xFarm has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Partech Partners, European Union and Mouro Capital. 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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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech companies
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Founded Year | Domain | Location | |
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Investments are made by Swisscom Ventures, backed by Swisscom AG.
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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 xFarm
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - xFarm
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Xfarm Comparisons
Competitors of xFarm
xFarm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CropX, CropIn, Arable, Conservis and Semios, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of wireless sensors for soil moisture monitoring
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| domain | founded_year | HQ Location |
Provider of farm management software solutions utilizing artificial intelligence and earth observation technology for improved crop productivity and decision-making
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| domain | founded_year | HQ Location |
IoT-based farm monitoring and crop management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based farm management solutions are developed and offered.
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| domain | founded_year | HQ Location |
Data and analytics are delivered for precision crop management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Xfarm
Frequently Asked Questions about xFarm
When was xFarm founded?
xFarm was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is xFarm located?
xFarm is headquartered in Milan, Italy. It is registered at Milan, Lombardy, Italy.
Who is the current CEO of xFarm?
Matteo Vanotti is the current CEO of xFarm. They have also founded this company.
Is xFarm a funded company?
xFarm is a funded company, having raised a total of $60.34M across 6 funding rounds to date. The company's 1st funding round was a Grant of $949.5K, raised on Dec 04, 2019.
What does xFarm do?
xFarm was established in 2017 in Milan, Italy, within the agritech sector. An IoT-sensor-based platform is utilized to gather data on crop activities, treatments, and operations at set intervals. This data is processed by software that assesses crop health and generates insights for remedial planning. A mobile application is offered on iOS and Android for farmer access.
What products or services does xFarm offer?
xFarm offers xFarm App, xFarm Analytics, and xFarm CONNECT.
Who are xFarm's investors?
xFarm has 12 investors. Key investors include Partech Partners, European Union, Mouro Capital, Swisscom Ventures, and United Ventures.
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