With a fresh $40m in the bank, TerraMagna is bringing ‘buy now, pay later’ to Brazilian farmers
TerraMagna is one of several startups in Brazil looking to improve farmers’ liquidity.
TerraMagna is one of several startups in Brazil looking to improve farmers’ liquidity.
Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.
Many Brazilian farmers are struggling to stay in business because their working capital is disappearing, writes Ed Siatti.
As agtech innovation accelerates, companies and investors need trustworthy insights on likely farmer adoption rates to assess the best tools.
Startups in the Ag Marketplaces & Fintech category raised $191 million in 2022 to bring more efficiency to the agrifood supply chain.
The Seedz platform aims to transition more farmers in Brazil online while also giving major suppliers more actionable data.
The digital ag marketplace aims to bring fairer prices to restaurants and retailers and more profit to small and medium farmers.
The Porto Alegre-based startup secured funding from SP Ventures, ABSeed, and SLC Agrícola, among others.
Solinftec is establishing its US headquarters in Indiana, creating 90 jobs in 2019 and up to 334 high-wage jobs by 2022.
Cargill has invested in Agriness, a Brazilian farm management software program focused on pig farms with more than 2 million sows in Latin America managed using its platform.
This is the latest deal among a growing number of agribusiness marketplace startups globally as the trend to take input purchasing and crop marketing online takes hold.
Global private equity group TPG has invested in Brazilian digital ag company Solinftec through its Alternative and Renewable Technologies growth equity platform TPG ART.
Fairfax Financial, the investment company of Prem Watsa, has invested in Canadian digital precision agriculture company Farmers Edge, injecting new capital into the company as well as buying stock from existing investors.
Monsanto Growth Ventures has invested in Microsoft Ventures Brazil’s startup accelerator fund, which invests across digital technologies and will now target agriculture technology startups.
Strider, a decision support technology offering farmers a relatively simple data aggregation and pest management tool, brought on its first US customers at the end of last year.
AgFunderNews weekly roundup of fundings, M&A, and food and agriculture policy: what got most people talking this week was Impossible Foods’ whopping $108 million Series D round.
Read about Aqua Capital investing in Brazilian tilapia, precision ag tool Farmers Edge adding to investor roster and a UK-based fund of funds manager launching an agriculture investment product in this week’s Fundings in Brief.
Agrolend is aiming to offer better financing options for Brazilian farmers who have faced challenges like depreciation of the country’s currency.
Using Verqor’s market reach and Traive’s AI tech, the new product will speed up access to credit for smallholder farmers.
The field results and registration mark the first geographical expansion for Israel’s Grace Breeding and its biofertilizer product.
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International Fresh Produce Association launches year 3 of its produce accelerator