Trapview obtains 10 million euros in financing

Together with the European Circular Bioeconomy Fund (ECBF), Demeter and Pymwymic, the Trapview has secured Series B funding of €10 million to accelerate the commercialization of its digital insect monitoring and forecasting solutions.

Developed by the Slovenian company EFOS, Trapview solutions are present in more than 40 countries around the world and in crops ranging from tomatoes in Brazil and almonds in California to vines in Italy.

Trapview traps send real-time data to farmers about the pest situation in their fields and use artificial intelligence to analyze and predict developing pest dynamics. Farmers can then take informed and timely crop protection measures in a targeted manner instead of spraying entire crops with pesticides preemptively. This gives farmers the ability to work more sustainably and efficiently, while also significantly reducing production costs by reducing the use of pesticides.

Trapview can monitor over 50 insect species, bringing value to a broad spectrum of farmers and other agricultural stakeholders. With thousands of traps deployed in fields, the company currently has the largest database of pest data and predictive algorithms in the world.

"Modern and sustainable crop protection from insects is nearly impossible without accurate, reliable and up-to-date data on pest population and development. Trapview is recognized as the world's most advanced and complete solution in this space. I am thrilled that such renowned investors and experts who participate in our series B share our vision and support our ambitions to become global leaders in the segments we are in," says Matej Stefancic, CEO and co-founder of EFOS.

European Circular Bioeconomy Fund - ECBF

ECBF leads Trapview's €10 million Series B funding round alongside investors Demeter and Pymwymic. Founded in 2020, ECBF invests in deep technology companies that support the transition to a more sustainable, bio-based economy.

With this new investment, the impact fund aims to help farmers grow healthier food and support more sustainable agricultural practices. Other investors in the funding round also include Demeter from France through the VitiRev Innovation fund and existing shareholder Pymwymic an impact investment fund from the Netherlands.

International expansion and development

This financing will accelerate Trapview's commercial development in Brazil, Europe (starting with France, Italy, Spain) and the USA. By reducing pesticides, Trapview promotes the transition to more sustainable agricultural practices, protecting biodiversity and consumer health.

Stephane Roussel, Partner at ECBF, comments: "With thousands of AI-powered pest control solutions deployed in the field, Trapview offers the world's leading platform for remote insect monitoring and forecasting. In recent years, despite COVID, Trapview has gained momentum significant impact with farmers and value chain partners in Latin America, Europe and other regions. Our investment will give Trapview the resources to accelerate international expansion and meet growing demand for its automated traps and software solutions."