- Ag Capital Canada also participated in the round
- BarrelWise Technologies was established in 2018
- The company’s founders are Artem Bocharov, David Sommer, Jason Sparrow, Miayan Yeremi
BarrelWise Technologies, a Vancouver-based technology startup focused on enhancing wine production and analysis, has raised C$3.1 million in seed financing.
Conexus Venture Capital led the round through its Emmertech fund, with participation from Ag Capital Canada.
Established in 2018, BarrelWise designs measurement and data systems which improve efficiencies and control in winemaking. The company’s flagship product, the BarrelWise FS1, is a cloud-connected, rapid, free SO2 analyzer for winemaking. It allows wineries to take routine free SO2 measurements up to 15x faster than traditional lab analysis, directly in the cellar.
“As investors in the agriculture space, we see many precision-ag tools applied in the cropping industry,” commented Scott Crawford of Ag Capital Canada, in a statement. “What we like about BarrelWise is that they have developed a tool that makes it feasible to apply these types of concepts to the winemaking process. Given the large variations of SO2 from barrel to barrel that can occur in a winemaker’s cellar, we believe that the industry will greatly benefit from the solution BarrelWise has developed.”
“With our Emmertech fund, we love finding opportunities in the world of agriculture where innovators are bringing speed and simplicity to solving problems across the supply chain,” said Sean O’Connor, managing director of Conexus Venture Capital & Emmertech, in a statement. “BarrelWise places the traditionally slow and expensive lab process of identifying SO2 levels directly into the cellar. Couple this innovative solution with a top-tier founding team, led by Jason Sparrow, and we feel we’ve got a real gem of a company added into our portfolio.”
BarrelWise’s founders are Artem Bocharov, David Sommer, Jason Sparrow, Miayan Yeremi, reported Crunchbase.