Gowling WLG France advises ag-tech start-up Sencrop on USD 18 million funding round

Our France team has advised French ag-tech start-up Sencrop on its $18 million Series B funding round, led by Israeli fund JVP.

Sencrop has developed a data-driven precision app that provides more than 20,000 farmers with a crop-oriented view of weather conditions. The start-up currently operates in more than 20 countries worldwide and this investment will support its international expansion with a new extension in the International Foodtech Center in the Galilee, Israel.

This is the first investment in France for JVP, which specialises in climate and foodtech initiatives. Existing shareholders Demeter IM, NCI Waterstart and Ecotechnologies fund (managed by Bpifrance as part of the France 2030 investment plan), and new investors from ag-tech, climate-tech and impact investing EIT Food, Stellar Impact and IRD Gestion were also involved in the transaction.

Gowling WLG M&A and private equity partner Barbara Jouffa and associate Géraldine Gonzalvez advised Sencrop and JVP was advised by Gide Loyrette Nouel partner Louis Oudot de Dainville.

Bpifrance was advised by Degroux Brugère partner Jérémie Swiecznik.