Enfarm, a pioneering agrotech company from Vietnam, has announced that it successfully closed a seed funding round led by Touchstone Partners last month. The funding also saw participation from Aiviet Venture and Conservation Vietnam. While the exact investment amount remains undisclosed, this capital injection is poised to accelerate Enfarm’s mission of transforming agriculture through data-driven solutions.
Tackling Global Agricultural Challenges with Technology
Enfarm leverages cutting-edge Artificial Intelligence (AI) and the Internet of Things (IoT) to tackle inefficiencies in fertiliser use—a problem that results in $120 billion of annual waste, degradation of one-third of global cropland, and 5% of greenhouse gas emissions. The company’s innovative platform integrates real-time data from soil sensors with smartphone applications, delivering lab-grade precision on NPK (nitrogen, phosphorus, potassium) levels and actionable AI-powered recommendations. This approach not only reduces fertiliser waste but also enhances crop productivity.
Transformative Results on the Ground
Recent field trials conducted on coffee farms in Vietnam’s Central Highlands highlight the impact of Enfarm’s technology. Farmers reported a 30% reduction in fertiliser use, alongside a 30% increase in crop yields. These results have driven rapid adoption among southern Vietnamese farmers, especially those cultivating coffee and durian.
Voices from Key Stakeholders
Khanh Tran, managing partner at Touchstone Partners, commented on the potential of Enfarm’s solutions: “We believe that technology can transform the lives of farmers by addressing long-standing challenges in agriculture. By providing farmers with real-time soil data, Enfarm’s solution allows farmers to optimise fertiliser use and reduce agricultural waste. By making agricultural production more efficient and sustainable on a larger scale, Enfarm boosts productivity while helping farmers reduce costs and improve their livelihoods.”
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Dzung Do Nguyen, co-founder and CEO of Enfarm, expressed enthusiasm for the future: “We are thrilled to have the support of these leading funds to accelerate our mission of sustainable agriculture. This investment will enable us to scale operations, lower product costs, cover more crops, and expand to other ASEAN markets.”
Nguyen also emphasised the urgency of Enfarm’s mission in the face of climate change: “Climate change is jeopardising traditional farming methods, positioning Enfarm as a transformative solution for global agriculture. Low-carbon, high-yield farming practices can meet the 70% increase in food demand forecast by the FAO by 2050.”
Paving the Way for a Sustainable Future
Enfarm’s innovative approach aligns with global efforts to make agriculture more sustainable, efficient, and resilient. As the company scales its operations and expands its reach across ASEAN markets, it is poised to play a pivotal role in shaping the future of farming, addressing the dual challenges of food security and environmental sustainability.
