XFarm Technologies, a scaleup that operates in the digitisation of agriculture and supports more than 500,000 farms every day, along with an ecosystem of more than one hundred large enterprises covering a total area of 8.3 million hectares, announces a strategic deal to join forces with Checkplant, an agritech company specialising in field management and monitoring solutions based in Brazil, one of the leading producers of coffee, sugar cane, soya, cereals and pulses, whose agri-food exports in 2024 were worth around USD 160 billion.
XFarm Technologies last October raised EUR 36 million in a Series C financing round and identified Checkplant, which operates in strategic areas for Brazilian agriculture such as the states of Mato Grosso, Bahia, Paraná and Goias, as the ideal partner with a strong track record and a portfolio of large farms among its customers, covering 50 per cent of the total area of cotton plantations and 11 per cent of the total area of soya plantations in Brazil.
The Italian scaleup already has a Brazilian team spread across the country, engaged in numerous projects focused on traceability, regenerative agriculture and MRV (monitoring, reporting, verification). This paves the way for the technology company to extend its reach into Latin America, making it an even more reliable partner for companies looking to digitise their entire supply chain internationally. On the other hand, it allows Checkplant to further expand and improve the services it has been providing for more than two decades.
“I am thrilled to announce this deal with Checkplant, a company with such a great track record and with whom we share not only an approach to agriculture, but also extensive experience and many values. Brazil is a global agricultural powerhouse, and we will now be able to scale our operations much faster in this country, where we have the opportunity to implement everything we are doing in the European market to help our B2B customers cover the entire supply chain and ensure greater traceability and sustainability, including through regenerative farming practices. Farmers around the world today face enormous challenges and our goal has always been to be their allies on a global scale,’ explains Matteo Cunial, CRO of xFarm Technologies.
“From the very first conversations with the xFarm Technologies team, I saw the potential to take this project to the next level, seeing opportunities that we had not been able to realise on our own. We are now expanding and advancing our mission to provide innovative solutions that transform agriculture. Together, we combine our expertise in Brazilian agribusiness with the global vision and advanced technology of xFarm Technologies. As one company, we are better positioned to serve farmers in all segments with tools that increase efficiency, promote sustainability and create value at every stage of production. We are poised to take digital farming to unprecedented levels, benefiting farmers and the entire production chain,” comments André Cantarelli, CEO of Checkplant (pictured with Cunial).
The two companies are highly complementary and together cover more than 12 million hectares worldwide. Both have proprietary platforms, xFarm and Farmbox, which provide DSS (decision support systems), agronomic models and a range of solutions that enable farmers to make data-driven decisions and keep track of all their activities.
While xFarm Technologies has great experience in working with small and medium-sized farms and supply chain projects, the Checkplant team is very strong in working with farms of over a thousand hectares.
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