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The investment in Outfield Technologies is part of a £576,000 round that also includes Cambridge Agritech and Amadeus.
Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its 12th deal for the Low Carbon Innovation Fund 2 (LCIF2).
Outfield provides a yield measurement and orchard management system for high value fruit crops.
Its growers on four continents are deploying inexpensive, off-the-shelf, drone systems to quickly survey orchards and gather high resolution images.
Outfield then uses machine learning to analyse this imagery, providing detailed maps of tree condition and fruit loading to help growers visualise and track the parameters in their orchards, informing precision management to increase yields, and sales forecasts to prime the supply chain.
Axel de Mégille, director at Turquoise, commented: “Outfield technology will enable growers to improve yields on their production as well as decrease CO2 emissions associated with the use of chemical fertilisers. We were impressed by what the Outfield team has built so far and are proud to be part of the next step of their journey.”
Jim McDougall, Co-Founder of Outfield added: “We are delighted to welcome LCIF2 as an investor in Outfield. This investment will enable us to develop the customer base as well as adding new functionalities to the platform. LCIF2 will also enable us to strengthen our links with local and national government.”
LCIF2 is funded by European Regional Development Fund, with the UK Ministry of Housing, Communities and Local Government as the Managing Authority.