Irish agtech company Monford secures €1m investment to bring Grassometer to market

Irish agtech company Monford

Wicklow and Mayo-based agricultural technology company Monford Ag Systems Ltd has secured a €1m investment to enable it to bring an innovative grass measurement device to market by the end of this year. Irish agtech company Monford secures €1m investment to bring Grassometer to marketPictured: Steven Lock, Monford; Dawn Guiney, Kernel Capital; and Jerry Manock, Monford The syndicated investment is made up of a €200,000 investment by Kernel Capital through the Bank of Ireland Seed and Early Stage Equity Fund, with the remainder of the funds provided by Glanbia, Enterprise Ireland and a syndicate of New Zealand-based investors.According to Kernel, Jerrold C Manock, designer of the original Apple Mac, is…

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Pinterest raises $100m in funding

Business and Leadership Ltd.

Social network site Pinterest has received a US$100m investment in a round led by Japan’s biggest e-commerce site Rakuten. According to the Wall Street Journal, the funding values Pinterest at US$1.5bn. The round includes follow-on investment from existing investors Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, as well as a number of angel investors. Now the 16th most visited site in the US, Pinterest functions like an online mood board, allowing users to ‘pin’ photos and images, and follow others’ collections. In a statement Rakuten said the funding will allow Pinterest to continue improving its service and expanding its community globally. “While some may see e-commerce as a straightforward vending…

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