Agro.Club raises $5m Series A funding to expand overseas, grow fintech offering
Agro.Club views itself as more than a marketplace, offering “commercial effectiveness” services and more to its corporate and farmer members.
Agro.Club views itself as more than a marketplace, offering “commercial effectiveness” services and more to its corporate and farmer members.
The Munich-based platform said it will use the funding for international expansion, scaling its operations, and investment in R&D.
Data can now flow back and forth between FarmLogs’ farm-level view of an operation, and Bushel’s post-farm gate appreciation of the supply chain.
CEO Pamitra Wineka said the funding will help the startup to strengthen its regional presence and boost Indonesian ag’s global competitiveness.
The Los Angeles-based startup will use the capital to expand its presence in Latin American markets, while also building out its tech and sales capabilities.
Online ag marketplaces that connect farmers with commodity traders and other buyers can help encourage broader adoption of digital technologies across agriculture, writes Dmytro Lennyi.
The North Dakotan startup is on a mission to digitalize the grain supply chain and now plans to add fintech offerings to its app-based trading platform.
“If I tell suppliers I have 25% of retailers on my platform, that’s a very solid proposition compared to 5% of farmers,” Agrim co-founder Mukul Garg tells AFN.
The UK-based network for smallholders secured funding from new and existing investors including AgFunder, Octopus Ventures, and Rabo Frontier Ventures.
The Buenos Aires-based startup helps commodities buyers to find growers that use certain sustainability practices – while getting growers a better price for their efforts.
The Indian startup plans to build out its lending capabilities, as well as adding insurance and crop spraying to its roster of farmer-focused services.
The Iowan startup analyzes transactions involving second-hand farm equipment to provide price transparency through real-time sales comparisons.
Almost 4 million more farmers in Europe are ready to use online agribusiness marketplaces as their main sources of ordering than before Covid-19.
The Hamburg-based startup has built an online marketplace for secondhand agricultural machinery, using AI-powered valuation and offering EU-wide warranties.
Istanbul-based Tarfin offers access to extended payments for smallholder farmers, and creates pools of receivables for institutional investors as asset-backed securities.
Indigo says incoming CEO Ron Hovsepian, a partner at its investor Flagship Pioneering, is a “seasoned operational leader rightly suited to lead […] at this critical stage of maturation.”
The Bengaluru-based startup provides a platform for smallholders to purchase inputs, secure credit, and engage data-led advisory services.
“Five startups in one” is how Indigo CEO David Perry describes the company, which he says is facing its biggest challenge yet: moving to its next phase of execution.
FBN plans to expand its FBN Direct range of inputs with the new funding and has a number of susainability-focused announcements in the works.
The year 2019 was a breakout year for Latin American agrifoodtech and 2020 is already shaping up to beat those records, in spite of the global pandemic. Here’s a look at the key categories pushing the industry forward.
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