TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced today the completion of a €100,000 investment in WeatherMe OÜ, a Tallin, Estonia based startup that develops farm management solutions under the VitaFields brand.
The VitalFields mobile and web-based software application is helping farmers address several sensitive issues, from plant disease and growth phase modelling, to tracking climatic patterns (with an analysis of farmers’ risks), to farm management, including farm activity planning, stock management and P&L reports.
The solution was designed “with the help of industry scientists” and uses “machine learning algorithms,” the fund underscores.
VitalFields also plans to become a valuable analytical tool, enabling farmers to become “even more efficient based on the knowledge accumulated from similar farms.”
TMT, which is listed on the London Stock Exchange, has recently invested in software publisher rollApp, self-service video network Virool, mobile advertising network Adinch, and online service for publishers Graphicly. Its latest investment, in September this year, went to US software publisher Pipedrive.
