BeeHero raises $42 million Series B for precision pollination platform
BeeHero, which has developed a precision pollination platform, announced on December 2022 that it has completed a $42 million Series B funding round. Lead investor Convent Capital was joined by General Mills, Cibus Capital, Rabobank, Firstime, MS&AD, J-Ventures, Plug&Play, iAngels, Gaingels, UpWest, and more. To date, BeeHero has raised $64 million. This new round of funding will enable BeeHero to further invest in R&D and help generate more data and insight into the sustainable agriculture ecosystem it is building to address the issue of global food security.
BeeHero CEO, Omer Davidi:
“The investment from General Mills is a massive achievement for us. Agriculture is very important to them and they identified the pollination problem long ago and that there are ways to address it. They are a strategic investor that will open doors for us going forward. The recession has meant that clients are trying to be more efficient and our solution helps them do that.”
What does BeeHero do?
BeeHero brings a technological revolution to the traditional field of agriculture and pollination management. The company represents a strong and capable team with a wide background in the pollination technology field, has achieved significant growth in the last 24 months and won the trust of major clients. With a first-mover advantage and cutting-edge technology that is relevant for a wide range of crops, BeeHero is well placed to lead the growing pollination market globally.
A brief history of BeeHero
Itai Kanot grew up among his father’s farm, who is also the largest private beekeeper in the country. From a young age, he knew that his future was among the bees. As a young adult, he met high-tech expert Omar Davidi, and the two of them collaborated to find a solution to the world’s declining bee population.
Starting in 2017, with 10 hives in the backyard in Israel, their firm BeeHero now keeps track of 120,000 hives throughout the US, and has over 55 employees headquartered in the US and R&D centers and research labs in Israel and Italy.
Why did we invest in BeeHero?
BeeHero brings a technological revolution to the traditional field of agriculture and pollination management. The company represents a strong and capable team with a wide background in the pollination technology field, has achieved significant growth in the last 24 months and won the trust of major clients. With a first-mover advantage and cutting-edge technology that is relevant for a wide range of crops, BeeHero is well placed to lead the growing pollination market globally.
