Company: EKOBOT AB (publ)

Transaction: Directed issue

Issue volume: 2.4 MSEK

Date: October 2022

EKOBOT AB (publ) is the company behind one of the world’s first fully autonomous field robots that can take care of mechanical weed control with exceptionally high precision. Ekobot helps farmers and growers reduce costs of weeding crops while also doing it in a CO2 neutral and ecological way.

Ekobot raised SEK 2.4 million in a directed issue to the Dutch venture capital firm Navus Ventures, which is part of a family office linked to the Dutch agricultural company Lely.

The proceeds are intended to be used for working capital to maintain the planned growth of the commercialization.

Augment acted as financial advisor to Ekobot in connection with the transaction.