a year ago

scoutlabs Raises $2 Million Seed Funding for Digital Insect Monitoring Solution

  • scoutlabs, a Budapest-based agritech startup, has raised $2 million in seed funding to develop its digital trap network for monitoring insect migration and swarming

  • The startup's goal is to help farmers with crop-eating insects and shift to more environmentally friendly methods

  • Investors in this round include Interactive Venture Partners, SVG Ventures, DEPO Ventures, and Impact Ventures

  • scoutlabs will use the proceeds to scale its solution in Hungary, the UK, and the US.

      • ProblemAgriculture

      "Farmers lose a huge amount of crops every year to pests, and most existing pesticides are ineffective. Climate change is making this problem worse."

      Solution

      "scoutlabs developed a digital trap network that monitors insect migration and swarming, allowing farmers to understand and act on pest threats before they cause significant damage."

      Covered on