Superangel led a €1.4 million Seed round to agritech company Paul-Tech
Ellex in Estonia advised Superangel on the €1.4 million investment to agritech startup Paul-Tech.
Paul-Tech will use the investment to advance its product offering and fuel its expansion into the UK market. The round was led by Estonian fund Superangel, with participation from SmartCap, Honey Badger Capital, the Estonian Business Angels Network (EstBAN), Tatoli AS, Overkill VC and some Swedish angel investors.
Paul-Tech’s solution allows farmers and crop growers to farm using more efficient management practices by providing deeper insights from the soil helping them avoid overuse of fertilisers, nutrient-starved land and unnecessary costs.
“In the light of growing environmental, societal, and economic pressure, sustainable practices are more crucial than ever. Paul-Tech’s commitment to reducing water wastage, minimising CO2 emissions, and enhancing crop production aligns seamlessly with our investment philosophy of intersecting sustainability and technological innovation. We are excited to support Paul-Tech in driving positive change within the agricultural sector and creating lasting value,” says Marko Oolo, partner at Superangel.