Investment Summary

Forage Capital Partners Invests In Swat Maps

On March 4, 2022, growth capital firm Forage Capital Partners invested in software company Swat Maps

Investment Highlights
  • This is Forage Capital Partners’ 1st transaction in the Software sector.
  • This is Forage Capital Partners’ 7th transaction in Canada.
  • This is Forage Capital Partners’ 2nd transaction in Saskatchewan.

Investment Summary
Date 2022-03-04
Target Swat Maps
Sector Software
Investor(s) Forage Capital Partners
Deal Type Venture

Target

Swat Maps

Saskatoon, Saskatchewan, Canada
Croptimistic is an internationally operating Agtech company that built a vast partner network with SWAT MAPS, a turn-key variable rate process that prioritizes Soil, Water, And Topography (SWAT) factors of fields for the creation of management zones. The technology includes SWAT Records (software and apps), SWAT BOX (autonomous soil mapping system), SWAT CAM (machine learning sprayer cameras), and SWAT WATER (soil moisture maps). Swat Maps was founded in 2003 and is based in Saskatoon, Saskatchewan.

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Investor(S) 1

Investor

Forage Capital Partners

Category Growth Capital Firm
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Forage Capital Partners is a private investment firm focused on the agriculture and food industry. The Firm looks to provide growth capital and subordinated and will consider businesses throughout Canada. Specific areas of interest include crop inputs, food production/processing, equipment manufacturing, and branded food companies. Forage Capital Partners is headquartered in Calgary, Alberta.

DEAL STATS #
Overall 7 of 8
Sector (Software) 1 of 1
Type (Venture) 4 of 4
State (Saskatchewan) 2 of 2
Country (Canada) 7 of 8
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Evoco

Toronto, Ontario, Canada

Evoco is a privately-owned cleantech innovation company that develops plant-based, renewable products to replace petrochemicals and harmful materials. Two of Evoco’s carbon-reducing technologies are commercial today: Cleansport NXT, a probiotic-based natural odour control technology used in athletic products and footwear, and FATES, a high-performing, plant-based eco-foam currently used for insole and midsole in footwear. Evoco was founded in 2017 and is based in Toronto, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Bushel Plus

Brandon, Manitoba, Canada

Bushel Plus is a manufacturing and software company offering solutions to optimize harvest management by reducing grain loss in a combine. Bushel Plus is based in Brandon, Manitoba.

Buy -
Mergr

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