Fieldwork Robotics is pleased to announce that it has received £1.5m in funding from Elbow Beach Capital, the decarbonisation, sustainability and social impact investor. Fieldwork also announces that its first Seedrs fundraise round opened to new investors today and is expected to raise an additional £600k.
The proceeds of this round will be to grow our team, begin outsourcing the manufacture of robots and onboard more farmers to our harvesting-as-as-service offering. We are aiming to have over 100 robots available for harvesting-as-a-service by 2025 and treble the harvesting speed of our robots.
Jon Pollock, CEO of Elbow Beach Capital commented: “The Fieldwork Robotics team combine their significant technical expertise with a drive to create an instant and lasting impact. Agriculture as it stands is not fit for purpose and we need innovative technologies to alleviate the unsustainable levels of waste and improve the economics for the farmer and end customers in the sector. We look forward to working closely with Fieldwork as they tackle this issue head on.”
David Fulton, CEO of Fieldwork Robotics commented: “Elbow Beach Capital are a great strategic and cultural fit for us. As a genuine impact investor, it’s clear that EBC are not only looking for potential value, but also at the impact of their investments and how they can make the world a better place. This round will support our work with forward-looking farms looking to solve their labour shortages, reduce crop wastage and mitigate food inflation”.
