Agritrack Athens, Greece

Company Website: https://agritrack.io/

Company Email: info@agritrack.io

Employees: 11

Funding State: Pre-Seed


Industries

  • AgriTech / FoodTech

Technology

  • AI
  • Blockchain
  • Cloud Computing
  • Data Analytics - Big Data
  • IoT
  • Sensors
  • Web or Mobile Application

Business Model

  • B2B
  • B2G

Revenue Model

  • Licencing
  • Other
  • SaaS

Funding Sources

  • Angel
  • Grant
  • Self
  • VC

About

A post-harvest automation platform that optimizes perishable food value chains such as fish & dairy, monitoring food quality, reducing costs and securing traceability compliance. Agritrack uses AI to predict the expiration date, Immutable Ledger (ie Blockchain) to secure traceability, and leverages a QR Code on product packaging to share the product’s farm to fork provenance and quality to consumers. The company’s vision is a transparent and more efficient food value chain, where food losses are limited and we can trust what we eat. Agritrack’s mission is to digitize the agrifood value chain towards a net positive CO2 ‘handprint’ and a circular economy for: 1. Increased quantity/quality of food 2. Better utilization of resources and harvested food 3. Improved consumer trust on Quality Labels and reduction on food fraud 4. Reduced operating and production costs for the agrifood value chain


Solution & Product

A platform that combines 3 core modules: Traceability Automation, Quality & Consumer Engagement: 1. The traceability automation module uses IoT and Cloud to track and improve operations across the food value chain (farm to fork) while ensuring compliance 2. The Quality module uses predictive food microbiology to assess food shelf life and AI to evaluate food quality characteristics. 3. The Consumer Engagement module is staged to provide a holistic view of the product’s story (provenance & quality) to consumers in order to enhance marketing, improving brand recognition and consumer loyalty


Innovation & Scalability

We digitize post harvest operations and support business intelligence, by combining traceability information with quality information (eg fish expiration date) in real time. Now, decision makers can decide early on how to process, where to ship or even how to sell / promote their product, as well as provide a fully fledged provenance and quality story to consumers. This is Agritrack’s Food Value Chain Intelligence, which allows our users to better monitor food quality and reduce food downgrading and returns, eventually leading to food waste. It also a) optimizes operations and b) reduces Supply Chain costs that have a high CO2 impact and c) helps consumers trust food quality labels, by interactively informing them of provenance and quality.


Traction & achievements

Solution utilized by 2 mid sized customers to optimize operations, tested and piloted successfully at one of the largest European aquacultures and across 200 dairy farms. Partnership / Co-operation Non disclosure Agreements: Technical University of Eindhoven (NL) Agricultural University of Athens (Gr) Program Participation: The Hellenic Initiative - Venture Impact Award Elevate Greece EIT Food - Sales Booster Program The Alchemist Accelerator Enter Go Grow Accelerator Start Up Wise Guys Accelerator NBG Business Seeds


Team & Why Us

Team: V. Tsezos (MSc & MBA) with more than 15 years of Technology & BusDev. Engineer (USA), Management Consultant (London, UK) and seasoned technology entrepreneur (15 years). He is also an expert in IoT with a niche in RFID passive technologies and experience in Blockchain backed systems. G. Skrimpas (MSc) has 20 years experience in Software development, IoT and sensors with emphasis in cloud and real time systems P. Tsakanikas (PhD) spent 8 years researching Spectroscopy & AI. He is an Image, Signal Analysis & Machine Learning expert. From 2013 he led the research in the lab of Microbiology and Biotechnology of Foods at AUA, with emphasis on projects for food quality assessment via the exploitation of non-invasive sensors G. Nychas (co-founder), is Emeritus professor at Agricultural University of Athens and an Agritrack co-founder and active member. He is a Highly Cited Scientist, while is also recognized by the AgriFood industry as a global expert in food safety and quality. Why us: We are a multidisciplinary team of experienced professionals that are passionate about improving the food value chain as well as making an impact.


Funding Needs

To achieve our business growth goals, we need an influx of funds to support: 1. Our traceability automation scale up across several commodities efforts 2. Our Quality Module R&D efforts (Spectral Repository, OEM HW / IoT sensor tests etc) 3. Agritrack awareness campaign


ONE LINER

Post harvest traceability and quality automation platform for perishable foods


TEAM


FUNDING

2023 - Pre Seed, Grant EUR 40K, Multiple
2023 - Pre Seed, Grant EUR 320K, EC
2022 - Pre Seed, VC EUR 220K, SWG / LRT
2022 - Pre Seed, Grant EUR 100K, Hellenic Republic - Elevate
2021 - Pre Seed, Grant EUR 40K, EC

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