No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Seed Innovations announced on Friday that it has invested 300,000 in Fieldwork Robotics, a UK agricultural robotics company developing autonomous harvesting technology for soft-fruit growers.
The AIM-traded investment company said the subscription formed part of a 2.5m Seed+ fundraising by Fieldwork and gave Seed an equity interest of about 3.66%.
Fieldwork is moving from technology validation to commercial trials, with its robotic harvesting platform initially focused on raspberries and designed to help growers address labour shortages and reduce fruit waste.
Seed non-executive chair Jim Mellon said Fieldwork "epitomises how AI and robots can solve a very real-life problem", noting that up to 30% of soft fruit is lost due to picker shortages.
Fieldwork chief executive David Fulton said the fundraising would help accelerate farm adoption, expand commercial trials and support international expansion.
At 1055 BST, shares in Seed Innovations were up 2.54% at 3.03p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.