Ignitia
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 1.2m | 1.0m | <1m | <1m | <1m | <1m | <1m |
% growth | 208 % | (11 %) | (56 %) | (50 %) | 16 % | 31 % | 13 % |
EBITDA | <1m | <1m | (<1m) | (<1m) | - | - | - |
% EBITDA margin | 32 % | 5 % | (88 %) | (92 %) | - | - | - |
Profit | <1m | (<1m) | (<1m) | (<1m) | - | - | - |
% profit margin | 26 % | (2 %) | (94 %) | (140 %) | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | N/A | N/A | - |
€50.0k | Grant | ||
* | SEK10.0m Valuation: SEK100m 9.5x EV/LTM Revenues 30.2x EV/LTM EBITDA | Early VC | |
$4.2m | Series A | ||
Total Funding | €5.0m |
Recent News about Ignitia
EditIgnitia is a pioneering startup specializing in tropical weather forecasting, boasting an impressive 84% accuracy rate—double that of global models. The company primarily serves small-scale farmers in West Africa, delivering precise weather forecasts via SMS in collaboration with mobile network operators. This service is crucial for farmers who rely on accurate weather information to make informed decisions about planting and harvesting, thereby mitigating the risks associated with unpredictable weather patterns.
Operating in the agricultural sector, Ignitia's market extends beyond individual farmers to include development agencies, non-governmental organizations (NGOs), and agricultural input businesses. These entities are significantly impacted by weather variability in tropical regions and benefit from Ignitia's hyperlocal weather predictions.
Ignitia's business model revolves around partnerships and subscriptions. By collaborating with mobile network operators, the company ensures that its forecasts reach even the most remote farmers. Revenue is generated through subscription fees paid by farmers and organizations that depend on these forecasts for their operations. Additionally, Ignitia partners with development agencies and NGOs, which often fund the dissemination of weather information as part of broader agricultural support programs.
Since its commercial launch in 2015, Ignitia has scaled rapidly, leveraging its proprietary forecasting model to provide daily, monthly, and seasonal rain forecasts. These forecasts help farmers avoid adverse weather impacts, thereby increasing their yields and securing their livelihoods. The company's ability to deliver highly accurate, location-specific weather information has made it an invaluable resource in the fight against climate change and its effects on agriculture.
In summary, Ignitia is a groundbreaking company that combines advanced weather forecasting technology with strategic partnerships to serve a critical need in the agricultural sector, particularly in tropical regions.
Keywords: tropical weather, forecasting, agriculture, West Africa, SMS, farmers, hyperlocal, partnerships, climate change, NGOs.