Real-Time Soil-Testing Agtech Startup Stenon Raises $20M Series A Funding Round

Stenon, an AgTech company that has a real-time soil-sensing solution, has raised a $20 million Series A funding round from Founders Fund, David Friedberg’s The Production Board, and existing investors including Cherry Ventures and Atlantic Labs.   Founded in 2018 in Potsdam, Germany, Stenon’s digital soil data is produced without the need for a laboratory, making it faster and more efficient, the company claims. Stenon says farmers get data to make the best decision about cultivation, boosting yield, crop quality, and soil health, while saving significant amounts of time and money by not needing to use a soil testing laboratory.