Tech Company Financing Transactions
Permia Sensing Funding Round
Jenson Funding Partners invested in a $308 thousand Seed venture round for Permia Sensing. The funding round was announced on 3/30/2023.
Transaction Overview
Company Name
Announced On
3/30/2023
Transaction Type
Venture Equity
Amount
$308,000
Round
Seed
Investors
Jenson Funding Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand its solutions and its business reach.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
1/16 Long Street 1 Long Street Apartment 16
London, E2 8GS
UK
London, E2 8GS
UK
Phone
Undisclosed
Website
Email Address
Overview
Permia Sensing offers a field-testing service to detect Red Palm Weevil (RPW) larvae growing in coconut palm trees. This insect is known to damage an estimated 10% of the coconut yield in the World, which is around £450 million per year. The World Food and Agriculture Organization (UN FAO) has declared RPW as a global threat to the food industry because it has attacked about 40 palm species in 60 countries. Chemical treatments are effective if RPW can be detected within the first 2-weeks of infestation. Our field tested IoT technology was developed at the Morph Lab of Dyson School of Design Engineering, Imperial College London in the UK, a World Top 10 University.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Stephen Hampson
Chief Technical Officer
Hasitha Wegiriya
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