Funding

EnvironmentTech Startup, Virridy, Closes $5.5m Series A Funding Round

Story Highlights
  • The fund will enable Virridy to accelerate the development and adoption of its satellite-connected sensors for managing water, energy, and agricultural resources

Virridy, a developer of technologies for monitoring and managing water, energy and agricultural resources, has raised $5.5 million Series A funding in a round led by Accord Capital to expand its offering across Africa and North America. The round also had the participation of a number of existing investors including FHI 360, Cleo Capital, Reverent Rock, Save Earth and VertueLab.

Virridy (formerly SweetSense Inc), based in the U.S, will use the funding to introduce to new markets products like water e-coli sensors and soil carbon sequestration sensors.

The e-coli sensors detect fecal contamination in water providing timely warnings to avert the spread of water-borne diseases that kill nearly one million people across Africa every year. The carbon sequestration sensor generates information on soil processes such as decomposition rates and soil carbon dioxide production.

Source
TechEconomy

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button