The Israeli agritech company N-Drip, which develops innovative irrigation technologies, has completed a Series C fundraising round, raising $44 million. According to estimates, the company was valued at $200 million at the time of fundraising.
So far, the company has raised approximately $80 million from several investors in the United States, Europe, and Israel. Among the investors are Granot Corporation, which led the previous funding round, Impact Bridge’s investment fund in Israel, Metzerplas Co. that produces irrigation pipes and systems, Ein Harod Ihud Kibbutz, and a group of private American investors.
N-Drip develops advanced irrigation systems that allow farmers who use flood irrigation methods to transition to more efficient and accurate systems. These systems operate using gravitational force without the need for external energy and do not use pressure-based filters.
Currently, the company employs over 100 people and operates in 17 countries, with its management, research and development division, and manufacturing plant all based in Israel.