Madrid, January 28th, 2025
Seaya Andromeda, the largest growth equity fund in Southern Europe specialized in digitalization and technology for sustainability, part of the Seaya investment platform, has acquired a 55% stake in Nax, a leading Software-as-a-Service (SaaS) provider of predictive modeling and monitoring solutions for the agricultural sector based on satellite imagery and artificial intelligence. The remaining 45% will stay in the hands of the founding team, who retain operational control of the company.
This investment fuels Nax’s strategic expansion, targeting Latin American growth, particularly in Brazil. Already operating successfully across Europe and Latin America, Nax will leverage this funding to solidify its market presence, enhance service delivery through ongoing product development, and expand its local teams. For Seaya Andromeda, this strategic partnership underscores its commitment to sustainable investing and supporting companies like Nax that are transforming the food value chain.
Using satellite image processing and artificial intelligence, Nax’s solution offers data analysis and actionable insights to maximize crop production and minimize costs for agricultural businesses. The company models the «optimal curves» of each crop, enabling practical recommendations to improve decision-making in key farming areas such as anomaly detection, irrigation optimization, fertilization, harvest management, yields, and production.
The company, founded in 2019, has scaled exceptionally efficiently without raising capital, reaching approximately €5 million in recurring revenue with EBITDA margins exceeding 50%.
Nax’s founders, Aarón De Bernardis, Caleb De Bernardis, and Beatriz Sanchis Ruiz, commented: «This investment from Seaya Andromeda is a significant endorsement of our mission and will be instrumental in driving our growth throughout Latin America. Brazil’s dynamic agricultural market presents a compelling opportunity, and we believe our technology can play a vital role in advancing the sector’s productivity and sustainability.»
Carlos Fisch, Partner at Seaya Andromeda, added: “Seaya Andromeda is committed to investing in companies revolutionizing agriculture through technology. Nax solutions, like our portfolio companies CrowdFarming and Biome Makers, exemplify this commitment. Their technology empowers data-driven decisions, optimizing resource utilization and driving sustainable practices. We believe Nax has the potential to transform precision agriculture globally and are excited to be part of their journey.»
About Seaya Andromeda
Seaya Andromeda is the largest growth fund in Southern Europe specializing in digitalization and technology for sustainability. With €300 million in assets under management, Seaya Andromeda is an Article 9 SFDR fund with a mission to address global sustainability challenges and generate purposeful returns through investments in technology-driven companies focused on Energy, Decarbonization, the Circular Economy, and the Food Value Chain. Seaya Andromeda is part of Seaya, the leading European venture and growth capital platform, with offices in Madrid, Barcelona, and London.
Learn more at: seaya.vc/seaya-andromeda/
About Nax
Nax is a leading agricultural software provider leveraging satellite imagery and artificial intelligence to deliver advanced monitoring and predictive modeling solutions. Founded by Aarón De Bernardis, Caleb De Bernardis, and Beatriz Sanchis Ruiz, Nax empowers farmers to optimize crop production and reduce costs through its innovative technology.
Nax leverages the power of artificial intelligence to transform satellite imagery into crucial information for farmers. The platform models the «optimal curves» of each crop, providing recommendations to improve key areas such as irrigation, fertilization, harvest management, and yields. This technology empowers farmers to make informed decisions and enhance the sustainability of their agricultural operations.
With a presence in over 17 countries across Europe and Latin America, Nax is strategically expanding into Brazil, consolidating its mission to improve efficiency and sustainability in agriculture.
More information: naxsolutions.com
