Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested “up to $500,000” in OnFarm. This Fresno, California-based startup defines itself as an “Internet-of-Things platform that enables a comprehensive array of leading farm hardware technologies into a single grower-friendly management and decision platform.”
Thus the startup claims to have designed an “almost magic” product with “the largest network of connected devices and data in agriculture.”
Earlier this year the fund made a yet-to-be disclosed investment in another agrotech startup.
“We bet a lot on agrotech, as it can be a big thing and as we have a good network in the industry,” Maxfield’s PR director Nadir Khabdulin commented in an exchange with East-West Digital News.
Maxfield Capital launched in 2013 with Russian businessman Viktor Vekselberg – the owner the Renova Group and the President of the Skolkovo Foundation – as its main LP. The fund is managed by former Skolkovo IT cluster director Alexander Turkot, along with Oleg Koujikov and Alexander Lazarev – three high tech professionals with strong background in Silicon Valley, Israel, and Russia.
Last May this team was awarded Best VC Team in the Russian venture capital market by private equity news source PREQVECA.
Sources: Firrma.ru, Maxfield Capital, OnFarm.
