Crover reaches the target of its pre-seed funding round.

We are pleased to announce the reach of the funding target of £150K for our first equity crowdfunding campaign on Crowdcube, with 20 days left to invest, with the campaign now being in “overfunding” mode.

After “bootstrapping”, raising more than £600k in innovation prizes and grants (including the likes of Scottish Enterprise and Innovate UK), Crover opened a seed funding round accessible to seasoned and new investors that want to be part of a pioneering, multi-award-winning company.

Crover will use these funds to advance the development of the Crover and to reach small series manufacturing, which will help with the set-up of additional pilots in the UK, EU, and potentially the US by next year.

The company has freshly grown its team to 12 Full-Time Equivalent (FTE) and it has recently been listed among the new generation of Scottish start-ups, with sustainability at their core.

Lorenzo Conti, Crover’s Founder, said: "We have now reached the £150K mark, signifying that the campaign is 100% funded!  All the credit for this success goes to all of you that are believing in us.  Thanks to our investors we have a chance to begin to tackle the inefficiencies of the agri-food system. But this does not mean that it is over yet!  We have 20 days to the end of the fundraising campaign. Raising further funds, above the target, would help us speed up and reach more efficiently the aims that we have set for the company going forward!”

Jon Knight, Cover’s Non-Executive director and former head of AHDB Crop Protection Unit, said: “Farmers spend a lot of time and effort producing a good quality crop…and then it goes into store. The grain storage part is still a bit of a Cinderella subject and monitoring grain can be very time-consuming. It means making a lot of records, making those records available to different people.

“There is real value in developing better technology, with the ability to move within the grain and that can record condition information, in this particular space. Producing output that's directly accessible to quality assurance, like Red Tractor.”

Link to the Crover campaign on Crowdcube: https://www.crowdcube.com/crover

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