Saving the World’s Bees Is Vital, and Beewise Received $80 Million In Series C Funding to Do It

By Spencer Hulse Spencer Hulse has been verified by Muck Rack's editorial team
Published on March 31, 2022

While the combination of technology and bees might not seem obvious, there is a chance that is exactly what is needed to keep bees going strong. With the BeeHome from Beewise, beekeepers can remotely track their colonies. It allows for easy treatment of colonies and hives, increasing their chance of survival. And considering how important they are to the ecosystem, that is incredibly important. To learn more about the company and its recent funding, check out the article below.

Here’s a bummer of a statistic for you: Around 30% of bee colonies disappear every year. Scientists coined the phrase “colony collapse disorder” (CCD) to describe what’s been a devastating ongoing trend in the world’s bee population. No one issue has been identified, but experts tend to attribute the phenomenon to a number of culprits — many humanmade — including things like habitat destruction and pesticides.

The question arises — as it often does — whether people can help revive bee populations. Founded in 2018, Beewise offers a robotic solution. The Israeli startup created a box designed to sit outside and serve as a kind of automated apiary. The solar-powered enclosure monitors its beehives, offering climate control and automated harvesting. It’s designed to monitor for issues, including intrusive pets, while adjusting conditions inside to prevent swarming behaviors among its tenants.

Beewise currently offers the product to farmers for a $400 monthly RaaS fee (plus an initial $2,000 delivery/setup fee). That includes 24 colonies and ongoing maintenance. In return, the technology promises benefits like improved bee yields and pollination of surrounding plants — as well as, hopefully, a net benefit to embattled bee populations.

This week, the firm announced an $80 million Series C, led by Insight Partners and featuring Fortissimo Capital, Corner Ventures, lool ventures, Atooro Fund and Meitav Dash Investments. The latest round brings the agtech firm’s total funding above $120 million, to date.

“Our Beewise team is thrilled to be supported by an incredible roster of investors for our Series C who understand our dedication, tenacity, and passion towards succeeding in saving the bees and reversing the trend of the bee colony collapse,” CEO Saar Safra said in a statement. “With thousands of orders placed in the U.S. in just the last few months, and with this funding, Beewise will be able to meet incredible market demand through increased manufacturing, develop additional product iterations, and further improve pollination.”

Along with the funding news, the company also showed off a new version of its Beehome system. The enclosure is 32% smaller and 20% lighter than its predecessor, features faster harvesting and an improved feeding and heating system.

The original article comes from TechCrunch.

By Spencer Hulse Spencer Hulse has been verified by Muck Rack's editorial team

Spencer Hulse is the Editorial Director at Grit Daily. He is responsible for overseeing other editors and writers, day-to-day operations, and covering breaking news.

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