AgTech startup N-Drip announces $44 million Series C for irrigation innovation | CTech

The Israeli company’s gravity-powered micro-irrigation system helps farmers irrigate more precisely and efficiently

Israel-based AgTech company N-Drip, which develops irrigation technology, announced on Wednesday a $44 million Series C round. The company said that the round may be extended due to investor demand. Investors include the Liechtenstein Group, Hamilton Lane, and Natural Ventures as well as investors from previous rounds, Granot Group, Bridges Israel, Kibbutz Ein Harod Ihud, and a group of US-based investors. N-Drip has raised a total of $80 million to date and according to estimates was valued at $200 million in this round.

The company, co-founded by Prof. Uri Shani, Dr. Ariel Halperin and Ran Ben-Or, holds a variety of patents around the world that allow farmers to irrigate their previously flood-irrigated fields using only gravity and no external energy to either filter the water or to propel it across the field. The gravity-powered micro-irrigation system which helps farmers irrigate more precisely and efficiently, optimizing yields without requiring expensive pumps or pressure-based filters, was invented by Professor Uri Shani, Israel’s former Water Commissioner, who is also the company’s Chairman and Chief Technology Officer.

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Taxonomy

• Drip Irrigation