Our Investment in BeeHero — Transforming Agriculture Through Frontier Tech Pollination Platform
We are excited to share the news that our portfolio company BeeHero secured $4M in seed financing. UpWest is proud to be the company’s first investor and long-standing partner on their exceptional journey.
BeeHero’s agtech platform helps increase crop yields for farmers using a combination of machine learning algorithms and low-cost sensors, including smart beehives to report hive health in real-time. By continuously tracking and optimizing pollination, BeeHero ensures healthy and hyper-efficient pollinator bees that increase crop yields by up to 30 percent on average for 70 percent of major crops.
When we originally met Michal, Omer, Itai and Yuval, we saw a powerhouse team of serial entrepreneurs, data scientists, and commercial beekeepers and were excited to partner with the team.
After our investment, Omer and Itai relocated to California to be near the massive and critically important agriculture industry here. The company has spent the last year engaging regularly with farmers, growers, and key industry figures to gain market traction and important feedback on the product offering. Today, BeeHero is working directly with some of the top almond growers in California, a state that produces 80 percent of the world’s almonds.
We are thrilled to back BeeHero and know this is just the beginning of their journey. We look forward to working together closely for the years to come and can’t wait to share more soon.
