Beefutures, an Oslo, Norway-based digital beekeeping platform intended to boost the bee's immunity and metabolism, raised $1.7 million in seed funding.
The round was led by Nordic impact investment VC Norselab’s Meaningful Equity II fund. The funds will be used to harness the power of bees as the custodians of biodiversity.
“We’re excited to team up with Norselab, an investor that cares about making a positive impact, just like us,” said Christophe Brod, Founder, and CEO of Beefutures. “This investment will help us scale our innovative technology and further explore how bee data can help with biodiversity preservation and restoration.”
The company developed a novel technology called Onibi Watch, which uses honey bees as biosensors to evaluate how resilient or susceptible environments are to climate incidents and human activities. By monitoring bee behavior, the technology generates data that is transformed into actionable insights called Onibi Insights using AI-powered visual and audio monitoring.
Company: Beefutures
Raised: $1.7M
Round: Seed Round
Funding Month: May 2023
Lead Investors: Norselab’s Meaningful Equity II fund
Additional Investors:
Company Website: https://beefutures.io/
Software Category: Digital Beekeeping Platform
About the Company: Founded by Christophe Brod in 2019, Beefutures is a digital beekeeping platform intended to boost the bee’s immunity and metabolism. The company combines healing and defense solutions with robotics, automation, and AI-powered digital monitoring, helping optimize beekeeping operations and economics with digital tools. The company's mission is to make a positive impact on the beekeeping and pollination industry, sustainable farming, and biodiversity. Beefutures offer innovative solutions such as Onibi base, Onibi watch, and Onibi insight to improve bee health, reverse colony collapse, monitor environmental conditions, and promote pollinator-friendly practices.
Source: https://techfundingnews.com/beefutures-secures-1-7m-for-its-ai-based-sustainable-beekeeping-process-that-tackles-biodiversity/