The BeeHero co-founders. (Photo BeeHero)
BeeHero, an Israeli aggrotech startup that develops technology to save bees, raised $42 million in a Series B funding round. The company has now raised $64 million to date.
If the bees were to become extinct, then the world’s plant life would die out. Sure, most people think that bees exist to provide us with honey. But honey is just a bi-product of the bee’s main function. Bees are an integral part of pollination, aiding in the reproductive process of all manner of flora and fauna.
The honey that they produce comes from the nectar of flowers that bees eat. When feeding, they disseminate pollen between plants, allowing them to reproduce.
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But today, with all of the problems from climate change, bees have been disappearing from the Earth. Without them, we will have a really big problem.
Israel has always been at the forefront of aggrotech since the early days of the first Zionist settlements. The country may now be known more as Startup Nation for all of its success in the high tech world. But until recently it was best known for its agricultural innovations.
BeeHero was founded by a team of veteran beekeepers, serial entrepreneurs, renowned biologists, and data scientists to ensure that everyone wins: farmers, beekeepers, and nature. The company explains that 70% of crops worldwide rely on bees, whose increasing mortality rate, coupled with colony collapse disorder, puts financial strain on farmers and beekeepers. This makes it harder to feed an exponentially growing global population.
“Our platform is a crucial tool farmers can rely on to improve their crop yields,” said BeeHero CEO Omer Davidi. “This latest round of funding will help us continue to support the agricultural industry as it faces some of its toughest challenges yet, and is another step towards building a Sustainable Agriculture Ecosystem.”
The company has partnerships with leading researchers at the United States Department of Agriculture and at the University of California Davis.
BeeHero explains that they built their platform and low-cost sensors to provide frictionless setup and operation for beekeepers and achieve the goal of increasing crop yield and quality while enhancing pollinator health.
