Marseille start-up Telaqua announces €4 million fundraising

Telaqua, a Marseille-based start-up specializing in the management of agricultural and wine-growing irrigation systems, announced on May 11 a €4 million fundraising to accelerate its commercial deployment and continue its R&D work. The round table was led by Demeter Investment Managers, through its VitiRev Innovation fund, supported by the Banque des Territoires, on behalf of the State within the scope of the France 2030 Territories Innovation Program and the winner Occit@num, as well as the CMA CGM Group, a world leader in transport and logistics.

Telaqua, smart and responsible irrigation in agriculture and viticulture

Created in 2018 in Aix-en-Provence by Sébastien Demech, Nicolas Cavalier and Nicolas Carvallo, Telaqua aims to support farmers in optimizing water consumption, a crucial issue for the environment, as 70% of the world’s fresh water is used by agriculture, according to the Food & Agriculture Organization and the World Bank. Headquartered in Marseille, Telaqua has 20 employees and is present in France, Europe, Africa and South America.

Telaqua, thanks to its expertise in Machine Learning and IoT, designs connected solutions to control and monitor irrigation remotely. The Irrigeasy app and associated sensors (Agromote and Mano), developed by the company, allow farmers to control, program and monitor their irrigation systems wherever they are. The Telaqua solution analyzes the uniformity and good progress of irrigation, detects anomalies, alerts the farmer in case of difficulty, in real time and also guarantees traceability of water consumption.

The startup, whose ambition is to put digital technology at the service of the ecological transition of agriculture, thus allows farmers to reduce their water and electricity consumption but also save a lot of time in irrigation.

Stéphanie Hillard, Chief Investment Officer at Demeter, says:

“Irrigation is becoming an important issue in viticulture and agriculture in general in France and internationally due to climate change. Telaqua’s mission is to enable rational irrigation, which optimizes the volumes of water and energy consumed. In addition, we are proud to support this efficient and complementary team from the world of IoT and irrigation and committed to the ecological transition in their commercial ambitions. »

Offer a complete irrigation management support solution

Fresh water is a rare commodity, regulating its supply for agriculture has become a priority on a global scale. Telaqua aims to become the main partner of farmers, helping them to optimize their resources in a simple and efficient way.

Sébastien Demech, one of the company’s founders, says:

“We are particularly proud to have received the support of these investors who, thanks to their trust, will allow us to accelerate our development and continue our efforts to offer new innovative and sustainable solutions for the sector. This fundraising is just one step in our adventure in the service of ecological and social transition. »

This fundraising will allow Telaqua to continue its growth in France and Europe, offering a complete solution to help manage irrigation for agriculture and in particular viticulture, to develop partnerships with the main players in the Agtech market and distributors for its commercial deployment

On the technological side, it aims to offer more resources to its customers, maintaining simplicity of use as a guideline. To achieve this, it will surround itself with labs or universities in order to continue its work on AI for predictive decision support, as well as on blockchain for traceability.

Gabriel Giabicani, director of operations and management innovation at
Banque des Territoires Investment, declares:

“As agriculture is the primary user of water resources, particularly for irrigation, sustainable water management in rural areas is crucial. Our entry into the capital, on behalf of the State, aims to support its development, contribute directly to the goals of better management of water resources and build resilient agriculture in a context of climate change. »

Nicolas Reynard, Head of CMA CGM Ventures, explains:

“Innovation is part of the DNA of the CMA CGM Group, it is one of the 5 strategic pillars of our Group and we have a leading role in this area by bringing together startup ecosystems. CMA CGM is also committed to protecting the environment through concrete actions, so we are mobilizing the business fabric, namely to jointly develop solutions that are more respectful of the planet. By investing in Telaqua, we want to train regional entrepreneurs committed to innovating in an essential sector that is rational irrigation. »

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