Investment & Fund Management

Centaur Analytics, based in Volos, Greece, faced significant challenges in the agricultural sector, particularly in monitoring and preventing crop spoilage during the post-harvest phase. Traditional methods lacked visibility and real-time data, making it difficult to address issues such as infestations and spoilage effectively. To tackle these niche issues, Centaur developed an innovative solution that utilizes advanced sensors and cloud technology to monitor crop conditions, including climate and gas levels, throughout the supply chain—from storage to transportation.

The tailored solution provided by Centaur Analytics involved the deployment of sensors that are resilient to direct fumigant treatments and capable of transmitting data in real-time without the need for extensive infrastructure. This technology not only detects potential spoilage but also prescribes treatment options and monitors their effectiveness, thereby significantly enhancing the predictability and visibility of the supply chain.

The investment from the PJ Tech Catalyst Fund, an EIF-backed venture capital fund, was pivotal for Centaur. It enabled the company to scale its operations dramatically, leading to the hiring of ten new employees and increased investment in hardware, software, and analytics. As a result, Centaur Analytics was able to accelerate the manufacturing of its products and enhance its marketing and sales efforts. The quantifiable benefits of this investment included improved efficiency in the supply chain, a reduction in the use of pesticides, and a positive environmental impact by minimizing reliance on ozone-depleting chemicals. This comprehensive approach not only addressed the immediate challenges faced by Centaur but also positioned the company as a leader in sustainable agricultural practices.