Tortuga AgTech
Provides harvesting and other services to fruit and vegetable farmers through robotics and software.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
$20.0m | Series A | ||
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 13 % | 107 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Tortuga AgTech is an innovative startup specializing in agricultural robotics, aiming to revolutionize the farming industry. The company focuses on creating advanced robotic solutions to address critical challenges faced by modern farmers, such as labor shortages, shrinking profit margins, resource scarcity, and extreme weather conditions. By integrating cutting-edge technology into farming practices, Tortuga AgTech helps growers enhance productivity, sustainability, and overall farm health.
Tortuga AgTech primarily serves commercial growers and farmers who are looking to optimize their operations and improve yield quality. The company operates in the AgTech (Agricultural Technology) market, which is a rapidly growing sector focused on applying technology to improve agricultural practices. This market is crucial as it addresses the global need for more efficient and sustainable food production systems.
The business model of Tortuga AgTech revolves around the development and deployment of robotic systems that can perform various agricultural tasks. These tasks include planting, harvesting, and monitoring crops, which traditionally require significant manual labor. By automating these processes, Tortuga AgTech enables farmers to reduce labor costs, increase efficiency, and produce higher quality crops.
Tortuga AgTech generates revenue through the sale and leasing of its robotic systems to farmers and agricultural businesses. Additionally, the company may offer maintenance services, software updates, and training programs to ensure that clients can fully utilize their robotic solutions. This diversified revenue stream helps the company maintain a steady income while supporting its clients in achieving better farming outcomes.
The company has garnered significant attention and support, including a $2.4 million seed round for indoor agriculture and backing from the National Science Foundation. Notably, Tesla co-founder Marc Tarpenning is on board, adding credibility and expertise to the startup's mission.
Keywords: AgTech, robotics, sustainability, farming, automation, labor shortages, resource efficiency, crop quality, innovation, agricultural technology.