Fotenix Secures Investment from Fund:AI to Empower Farmers with AI Driven Food Production
University of Manchester spinout, Fotenix, are dedicated to supporting farmers with smarter, sustainable farming solutions, and have announced a major investment from River Capital’s Fund:AI. This funding will accelerate Fotenix’s mission to help growers protect their profits while adopting more sustainable practices.
This video shows Fotenix’s newest INDIA product on a tractor
At the heart of Fotenix’s innovation is its spectral imaging technology, combined with AI-powered insights. These cameras allow farmers to detect early signs of crop stress, such as pests and disease, giving them the ability to take targeted action before problems escalate. For horticultural growers, this means reducing costly crop losses, optimising resource use, and maintaining consistent quality to meet market demands.
This video shows a digital twin of a leaf that Fotenix created
“Farmers are at the core of everything we do,” said Charles Veys, CEO of Fotenix. “We understand the immense pressure they face to deliver high-quality produce while dealing with rising costs and environmental challenges. This investment enables us to bring accessible, practical solutions to their operations—helping them maximise yields, cut waste, and farm more sustainably.”
The Fotenix Team (from L to R) David Walter’s (River Capital Investment Director), Charles Veys (CEO, Fotenix), Martin Sutton (Former Peak Partnerships Director)
Fotenix’s technology supports growers in reducing their reliance on chemical inputs, such as fertilisers and pesticides, contributing to a lower environmental footprint. By making data-driven decisions, farmers can also improve water and energy efficiency, critical in regions affected by resource scarcity.
This investment from River Capital’s Fund:AI will allow Fotenix to expand its team, scale its operations, and reach more farmers in high-value horticultural markets, including the glasshouse sector. With a farmer-first approach, Fotenix is committed to empowering growers to protect their profits while meeting the demands of a more sustainable and competitive agricultural industry.
“This investment highlights the potential of University of Manchester spinouts to deliver solutions addressing critical global challenges. Fotenix is an excellent example of how cutting-edge research can translate into real-world impact, driving sustainability and profitability for industry sectors” – Cat Headley, CEO of University of Manchester Innovation Factory
For more information or to find out about opportunities with Fotenix, please contact Marcus Nelson.
