Ag Capital Canada Invests in Ukko Agro
December 16, 2021
Ag Capital Canada (ACC) has announced a $1 million investment in Ukko Agro Ltd, part of a C$5.1 million Series Seed investment led by Saskatchewan-based venture capital fund Emmertech.
“Our goal is to understand our customers’ problems and build simple solutions which fit seamlessly into their daily routines,” explains co-founder Ketan Kaushish.
Ukko Agro’s analytics provide greater predictive capability in managing agronomy, alerting farmers to when crop protection and crop growth support need to be initiated. This enables farmers and agronomists to make proactive decisions, instead of reactive ones. The company’s services have been applied to potato, canola and soybean production and are being expanded to other crops.
Jay Bradshaw of Ag Capital Canada has played a leading role in supporting Ukko’s growth and sits on the Board of Directors of the company. He summarized some the reasoning behind ACC’s interest in the company:
“The development and practical use of predictive analytics to support decision-making in agriculture is a gap in the digital ag market. Ukko Agro has demonstrated they have this capability through their Field Adaptive Integrated Models (FAIM). With their predictive analytics capabilities and customer-focused approach, Ukko Agro is poised for growth.”
Additional investors in this round include Telus Ventures and PIC Group. This is the sixth investment completed by Ag Capital Canada in 2021.
About Ukko Agro
Ukko Agro is a plug and play predictive analytics platform founded in Toronto, in 2018. Ukko’s predictive analytics tool, ForeSite, helps farmers make better proactive decisions on application of crop inputs and leverages on these decisions to drive proactive customer engagement and better demand forecasting for ag-input retailers and enterprises. The company is actively recruiting for multiple roles within their team. For more information, visit: https://ukko.ag/.
Emmertech is an agtech fund built from the industry outwards, with an investor base that includes some of Canada’s most innovative farmers, agribusiness owners, agriculture-centred insurers & financial institutions, and Canada’s biggest agricultural province through Innovation Saskatchewan. Emmertech is fund-managed by Conexus Venture Capital, built with the vision that Canada can become a global leader in agriculture innovation if our founders are given proper access to early stage venture capital. https://emmertech.ca/
About Ag Capital Canada
Ag Capital Canada (ACC) is a private equity fund which invests in Canadian ag and food innovation and small business growth. ACC aims to discover, develop and nurture Canadian agricultural businesses through capital investment, business-management mentorship and entrepreneurial expertise. For more information, visit: http://www.agcapitalcanada.com.
Ag Capital Canada