[Funding alert] Agritech Plattform Ecozen raises $10M from Nuveen Global Fund

Agritech startup Ecozen has raised $10 million in the second tranche of its planned Rs 200 crore Series C round from Nuveen Global Fund.

Ecozen had raised Rs 54 crore as the first tranche of the Series C round. The fresh round of funding was led by Dare Ventures, the venture capital arm of Coromandel International, with equity participation from existing investors Caspian and Hivos-Triodos Fonds, as per reported by Your Story.

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Ecozen had raised Rs 54 crore as the first tranche of the Series C round. The fresh round of funding was led by Dare Ventures, the venture capital arm of Coromandel International, with equity participation from existing investors Caspian and Hivos-Triodos Fonds.

Ecozen develops climate-smart deep tech solutions and core technology stacks to deliver a sustainable future, including motor control, IoT, and energy storage. The company’s two main products are Ecotron and Ecofrost To improve the income of over 100,000 farmers and enable the generation of over one billion units of clean energy (kWh) for the cold chain and irrigation industry. Entracker was the first to announce the news.

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About Ecozen

Ecozen is a climate-smart deep tech company that develops core technology stacks to deliver a smart and sustainable future.  The company is the brainchild of 3 young and enthusiastic graduates from IIT Kharagpur, Devendra Gupta, Prateek Singhal, and Vivek Pandey.