“Our investment in Meshine is a first step in the agriculture sector, to be followed by more in the near future,” said Radu Stoicoviciu, partner EGV.
The platform developed by Meshine Tech will collect and analyze data from agricultural machinery to give farmers more control over operations and an overall picture of farming activities.
“All this data will be kept in a blockchain ledger that provides a detailed history of farm operations, thus guaranteeing product origin and certification observance. Our long-term goal is to evolve into a marketplace platform,” said Tudor Stomff, CEO Meshine.
The deal was assisted by law firm DLA Piper.