The Argentine startup will use the funds to strengthen its e-commerce and fintech offerings, as well as for growing its footprint in Brazil.
It aims to take the manual labor out of the ag commodities inspection process using computer vision, machine learning, and IoT.
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 Buenos Aires-based accelerator has selected four startups for its latest program, which is adopting a virtual format amid Covid-19.
An agriculture tech consultant shares his insights on how to make the most of the burgeoning market for agtech solutions in South America.
Agrofy could become the Amazon of agriculture, according to one of its investors who said its potential to scale beyond borders is unparalleled.
AFN speaks with Matias Peire, founder of Grid Exponential (GridX), a company builder focused on high-impact science and tech ideas in Argentina.
Ahead of AgTech Week in Argentina next week, Bernardo Milesy sat down with Federico Trucco, CEO of the country’s most successful agtech startup Bioceres to find out more about the company’s recent New York Stock exchange listing.
Bioceres, the Argentinian ag biotech business, is set to list on the New York Stock Exchange (NYSE) early next year through a reverse listing with a company controlled by Uruguyuan presidential hopeful Juan Sartori.
Various organizations in the country are collaborating to make a concerted effort to promote Argentina’s strengths in agtech and convened at last month’s AgTech Week.
“Trying to be the “new Monsanto” or the “Amazon of Ag” does not work; copying what others have already done is not generally a recipe for disruption,” argues Federico Trucco, CEO of Argentine agtech business Bioceres.
“Always prioritize building a great team and bringing on great partners,” say Maximiliano Landrein and Alejandro Larosa, founders of the online agribusiness marketplace. “This is a long race and to have the right people on board is vital.”
The government of President Mauricio Macri, who took office in 2015, is working hard to open up its markets and attract investment from overseas and the agriculture and venture capital industries are a key part of that policy.
After one year of testing, Monsanto is collaborating with hyper-local weather data provider Understory to optimize the company’s seed production operation in Argentina.
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