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FlyAgData

IoT agritech solution

Ukraine, Vinnytsia region
Market: Food industry, Farming
Stage of the project: Operating business

Date of last change: 27.09.2021
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Idea

Flyagdata - a system that collects agronomical and machinery data online, transferring it to valuable insights/analytics to farmers.

Current Status

ARR - $150k
10 clients as TOP-50 agricompanies in Ukraine
100 devices sold

Market

Farmers from 1k to 200k+ ha

Problem or Opportunity

Farmers overseed, overspray, overapply, etc
Retro machinery with high-end sensors can not be monitored properly
Lack of quality control of agri-operations

Solution (product or service)

A FlyAgData device can be connected to each type of machinery (seeder, sprayer, harvester, etc), we collect data from it using different protocols. Then, raw data is being processed in a Cloud-based database through our algorithms. Finally, we transfer updated data to clients' Farm Management Systems.

Key takeaways that farmers receive:
Monitoring ongoing work online;
Tracking their KPIs;
Forecasting future work.

Competitors

Farmobile
Fieldview
CaseIH
JohnDeere

Advantages or differentiators

Versatile plug-in of FlyAgData device
API integration with various popular Farm Management Systems
Constant online data monitoring and collection even if the signal on the field is poor

Finance

Margin - 75%

Business model

Fixed price per device - $1500
We are developing our analytical unit and we will charge Subscription fee (SaaS) - 1-2$/ha

Money will be spent on

Will be allocated to R&D and Marketing&Sales

Team or Management

Incubation/Acceleration programs accomplishment

Nest Bootcamp

Won the competition and other awards

Invest Ring - 1st place
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video