Οne of the top pain points for farmers across the globe is weeding.
In a global survey conducted by the Weed Science Society of America, weed management was identified as the most significant challenge faced by farmers, with over 80% of respondents citing it as a major problem. Another study by the United Nations Food and Agriculture Organization (FAO) estimated that weeds cause an average yield loss of 10-15% in developing countries, with some cases reaching up to 50% loss, while in the United States alone, the annual cost of weed control and crop losses due to weeds is estimated to be around $33 billion, according to a study by the Weed Science Society of America.
The main reasons that weeding is such a huge problem are
1. Labor Costs: Manual weeding is time-consuming and labor-intensive, leading to significant labor costs for farmers (if they can find the hands!).
2. Herbicide Resistance: The widespread use of herbicides has led to the development of herbicide-resistant weed populations, making weed control more challenging and costly.
3. Environmental Concerns: The excessive use of herbicides can have negative environmental impacts, such as water pollution and harm to beneficial insects and wildlife.
4. Crop Yield and Quality: Weeds compete with crops for resources, leading to reduced crop yields and quality if not effectively managed.
A Greek startup called Terra Robotics, is venturing out to solve this problem using autonomous robots with laser guns - now how cool is that?
I couldn't be more thrilled to participate in their pre-seed round as an angel investor. I first met Konstantinos (Kostas) Kandylas in thessaloniki about a year ago at EBAN, and his pitch immediately caught my attention. Fast forward to today and many zoom calls later, their pre-seed round is finally in the books, and we're all excited to see what the future will bring!
Also extremely happy to join an amazing group of accomplished investors from HeBAN - Hellenic Business Angels Network (Association) like Lisa Katsouraki and Thanos Papangelis in this round - and hopefully the next! As an angel investor, it's not often that you find the perfect storm of team, product and market for an unmistakable bet, and I really believe this is one of them. Terra's mission of solving the no1 pain point in agriculture (weeds) is an ambitious one - but who wants easy goals? :)
Onwards!
🚀 Exciting News Alert! 🚀
We're thrilled to announce that we have successfully completed our first pre-seed round of funding, with the generous support of our investors!
A big shoutout to Genesis Ventures, Zeno Capital, and HeBAN - Hellenic Business Angels Network (Association) (Thanos Papangelis, Alexander Caravitis and Lisa Katsouraki) for believing in our vision and joining us on this incredible journey. 🌟 Your confidence in our potential fuels our passion to drive innovation and create lasting impact in AgriTech.
This milestone wouldn't have been possible without the dedication of our amazing team and the invaluable guidance from our advisors. Together, we're poised to make waves and redefine the landscape of weed management. 💡
A heartfelt THANK YOU to everyone who has supported us thus far! Your belief in Terra Robotics empowers us to push boundaries and strive for excellence. 🙌
Stay tuned as we continue to push forward and write the next chapter of success! 💪 #StartupSuccess #PreSeedRound #Investment #Gratitude #FutureForward #AgriTech #LaserWeeding #GenesisVentures #HeBAN #ZenoCapital #TerraRobotics
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Former Regional Coordinator, KPK | Enterprise Challenge Pakistan | Prince's Trust International | SEED Ventures | LUMS CES Alumni | CUI ATD
5moAmazing! 👍🏻