Portfolio news:

Funding round at SpexAI GmbH from Dresden

TGFS

6 February 2024

Saxovent Smart Eco Investments GmbH, VIGO Ventures, Alumni Ventures and TGFS are investing in the AgTech start-up SpexAI GmbH GmbH, based in Dresden. The fresh capital will primarily be used to strengthen personnel and infrastructure.

SpexAI is revolutionizing the cultivation of various crops in controlled environments agriculture (CEA) using cutting-edge imaging technology. The company specializes in multispectral sensors and AI-driven insights. Its technology, consisting of Odin, an advanced AI-learning system, and Hugin, an intelligent sensor, provides real-time data on plant health, cannabinoid content and disease detection, offering greater control and predictability in plant growth. SpexAI’s mission is to transform plant data into actionable insights, ensuring optimal cultivation outcomes. Initially focused on the cannabis industry, the company plans to expand into other crops such as strawberries and tomatoes after successfully entering the market.

The founding team, consisting of CTO Ben Niehaus, a technology expert and CEO Nadine Walther, specializing in HR and strategy, combines their expertise to empower agriculture and bring transformative technology to the industry. Founded in 2018 in Dresden, the company already serves customers in North America, the Netherlands, and Australia. TGFS has been a shareholder in SpexAI since 2023.

TGFS deal team
Martin Liebsch and Paul Eppinger