AgTech start-up FARMDOK receives high six-figure investment

AgTech start-up FARMDOK receives high six-figure investment

Datum: 2018-08-13 15:35:19

Success Story

FARMDOK is active in the agricultural technology sector and develops technologies for the automation of recording in agriculture. The start-up helps farmers to make intelligent decisions in their processes. Fertilizers and pesticides as well as their use must be documented according to legal requirements. However, a great deal of data recording is also necessary to meet the required quality standards during cultivation or to find out which specific measures lead to a change in yield. This requires a lot of time that farmers could spend more efficiently in the field. To bring these resources from the office back to the field, the Austrian company FARMDOK has developed an app for smartphones and tablets that records all relevant data with just a few clicks directly while working with the smartphone. The FARMDOK app, which was launched in August 2017, was able to gain significant market share in the Austrian market within a short period of time. Since Q3/2017 the FARMDOK app has achieved more than 35,000 downloads. This is a particularly large number for the very specific market. In the rapidly growing agricultural technology sector, the industry's demand for smart farming products is very high. A nice proof of this is the award of the innovation medal in silver at the Agritechnika fair last year. Since then the FARMDOK app has been available in several European countries, with the main focus currently on the CEE region and Germany. The investment will be used for further expansion in Europe. primeCROWD helped to attract Roland Tauchner and Patrick Pöschl, two experienced entrepreneurs and investors, to the project. In addition to the existing investors and the Mauthner Group, they will support the team with their network. More about the startup: www.farmdok.com