Cyclair

Transaction

Published on: 12-12-2023

Sector: Tech
Business: Autonomous weed control ecosystem
Type of transaction: Fundraising
Year of transaction: 2023
Company website: cyclair.fr

THE COMPANY

After four years of research and development, Cyclair has developed a technological solution for weed control. The agritech company has named it RobiOne and has already registered 2 patents. This robot promises to be an alternative to the use of chemicals, and consequently an improvement in yields where its products are used.
The innovation in this project is based on combining several technologies in a single product: artificial intelligence, agronomy, the cloud and precision robotics.

THE TRANSACTION

Sébastien Gorry, founder of Cyclair, approached Ama Partners for strategic advice on raising finance.
The team assisted him with his first round of fundraising, which enabled the founder to continue his development.
Cyclair concluded its first round of financing of €2m with Cérésia, Centre Ouest Céréales, the regional fund NACO, the business angel BADGE, the bank Crédit Agricole de Touraine et du Poitou and private investors.

TESTIMONY

« Cyclair would like to thank Ama Partners for the support we received at a time when private equity investment in seed capital has fallen considerably. Ama Partners was able to put us in touch with relevant funds and support us right through to closing. »