Squire Patton Boggs has completed an AU$12 million Series A funding round for an Agtech robotics provider. SwarmFarm Robotics is an autonomous farming start-up producing intelligent robots to save farmers time, resources, costs and energy. SwarmFarm also has a developer ecosystem called SwarmConnect® that allows other agtech companies to integrate third-party technology onboard robots as tools and attachments.
Funded by Canadian agtech fund Emmertech, Tribe Global Ventures, Access Capital, Tenacious Ventures and GrainInnovate, the company intends to use the funds to grow its teams in New South Wales and Queensland, as well as expand internationally in the US and beyond.
Led by Corporate partner Richard Horton (Sydney and Palo Alto), the team also included associates Olena Brodovska and Lachlan Hallab and Tax counsel Louise Boyce.
Mr. Horton commented: “Huge congratulations to Andrew and Jocie Bate and the entire team at SwarmFarm Robotics. It has been a pleasure to represent them through their journey to date and to see them attracting international funding for their latest round is a testament to the opportunity the business represents. We look forward to seeing the next chapter unfold.”