Tallinn-based climate tech company eAgronom, which provides a regenerative agriculture platform, has secured investment from Mondelēz International to advance regenerative farming across Europe.
- Founded in 2016 by Robin Saluoks and Kristjan Luha, eAgronom is a climate tech company dedicated to helping farmers transition to sustainable practices through real-time monitoring and educational initiatives.
- The company emphasizes soil health and carbon offsetting, with support from farm subsidies. eAgronom collaborates with both independent farmers and large agricultural enterprises to deliver crop monitoring, automated reporting, and farm activity planning.
- eAgronom runs a Carbon Program that capitalizes on the soil’s capacity to sequester carbon, second only to the oceans. The program adheres to rigorous standards set by Verra’s greenhouse gas crediting framework.
- Since its inception, the firm has worked with over 3,500 farms, overseeing more than 2.5 million hectares of farmland across 10 European countries, including Poland, Romania, and Sweden, as well as in Africa.
- In July 2024, eAgronom raised €10 million in a Series A2 equity round, with investments from Swedbank AB, Icos Capital, Soulmates Ventures, and the SmartCap Green Fund.
Details of the deal
- The investment was made by Mondelēz International, a global snacking leader headquartered in Illinois, as part of its strategy to drive sustainable growth by supporting innovative solutions in agriculture and food systems.
- The funding from Mondelēz International’s Sustainable Futures will help eAgronom expand in key markets, accelerate regenerative agriculture adoption, and enhance its digital platform, with plans to cover over 4 million hectares by 2026. It will also support carbon-insetting initiatives, helping farmers and companies meet sustainability goals.
"We’re thrilled to welcome Mondelēz as investors. More broadly, partnerships with food companies play a vital role in driving progress toward net-zero food production over the long term. Together, we can empower farmers to adopt sustainable practices and improve soil health, which are both essential steps toward building a sustainable agriculture sector," explains Robin Saluoks, CEO of eAgronom.
