South Africa S Aerobotics Raises 16 5M From Naspers Fmo Cathay Africinvest Innovation
The investment is part of a ZAR 250mln Series-B round led by Naspers Foundry with participation from the FMO Ventures Program and the Cathay AfricInvest Innovation Fund. The funding will boost international expansion and technological development, as well as support Aerobotics’ local operations. James Paterson, Co-founder & CEO at Aerobotics said, “Aerobotics is happy to partner with FMO Ventrues and Cathay AfricInvest Innovation to better serve our customers. Our strong relationship, coupled with this latest financial investment, will ensure that we continue to grow agriculture sustainably together....