Tag: Brazil

Agrolend aims to connect Brazilian farmers with much-needed credit after $21m raise

January 19, 2022

Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.

Brief: JBS to acquire cultivated meat company in $100m investment

November 18, 2021

The world’s largest meat processor plans to acquire a majority stake in Spanish cultivated meat company BioTech Foods.

EXCLUSIVE: Ag fintech company Traive raises $17m Series A funding for US-Brazil venture

November 4, 2021

The St Paul, Minnesota-based startup will continue to build out its technology that connects lenders and farmers, giving the latter improved access to working capital.

Magda, Sao Paulo, Brazil - March 08, 2006: Three cowboys riding on horse is herding a group of Nelore cattle on a field in a cattle farm in Magda, county of Sao Paulo

Brief: Brazil pledges to cut 1.1bn tons of ag-related carbon emissions by 2030

October 25, 2021

Brazil will incentivize adoption of regenerative farming methods, methane-busting cattle feed supplements, and reforestation in an effort to hit the new target.

EXCLUSIVE: SP Ventures closes fund on $42m, adds major financial industry players

September 30, 2021

The Brazilian VC secured investment from Banco do Brasil, one of the largest financial institutions in the country, as it sees continued momentum around ag-related fintech.

DSM’s methane-busting cattle feed approved in Brazil, the world’s biggest beef exporter

September 10, 2021

The Dutch company claims that a quarter-teaspoon of Bovaer administered per cow, per day can reduce enteric methane emissions by up to 90%.

Brief: Amazon & The Nature Conservancy launch Brazil ‘agroforestry accelerator’

September 6, 2021

The US tech giant claims the scheme will restore 20,000 hectares of forest within three years and remove 10 million tons of carbon from the atmosphere by 2050.

Brazil’s Solinftec launches digital grain trading tools in US, Canada

August 23, 2021

It’s one of a handful of tech companies that are trying to digitalize the grain trading industry – much of which is still paper-based.

EXCLUSIVE: Microsoft, Rabobank announce first round of carbon credits with agroforestry startup reNature

August 19, 2021

ReNature worked with a Brazilian farmer cooperative to generate the credits in partnership with Rabobank’s carbon marketplace, Acorn – with Microsoft the buyer.

EXCLUSIVE: Brazilian farm management platform Aegro scores seed funding, eyes fintech opportunity

July 9, 2021

The Porto Alegre-based startup secured funding from SP Ventures, ABSeed, and SLC Agrícola, among others.

EXCLUSIVE: Brazilian freight & fintech startup GoFlux scores funding

June 17, 2021

GoFlux joins the growing number of startups that are streamlining antiquated aspects of the agricultural supply chain using digital technologies.

Brief: Meat giant JBS pays $11m bitcoin ransom to ‘Russia-linked’ cyberattackers

June 10, 2021

The world’s biggest meat packer said that “preliminary investigation results confirm that no company, customer, or employee data was compromised.”

EXCLUSIVE: Brazilian ag AI startup Adroit Robotics raises seed funding

May 26, 2021

Its LeafSense tech is being used by growers to optimize the productivity of citrus orchards – and coffee and avocados could be next.

In a first for agtech, Solinftec secures $27m climate bond funding

May 17, 2021

The Brazilian startup said it will use the funds to develop precision ag technologies “with a focus on mitigation, adaptation, and resilience to climate change.”

World’s biggest meat firm pays $409m for plant-based protein maker

May 5, 2021

Brazil’s JBS says the acquisition of Dutch brand Vivera “strengthens and boosts” its growing portfolio of alt-protein products.

EXCLUSIVE: Brazil’s Agrolend raises $1.6m seed funding for farmer fintech solution

April 21, 2021

Agrolend is aiming to offer better financing options for Brazilian farmers who have faced challenges like depreciation of the country’s currency.

Brazil’s KPTL invests in poultry management platform Agrisolus

March 2, 2021

Agrisolus captures real-time data about a variety of metrics to optimize poultry production and prevent disease in the flock.

EXCLUSIVE: SP Ventures adds World Bank in third close, exits fintech startup Brain Ag

February 22, 2021

It’s a big week for LatAm’s agrifoodtech fund, SP Ventures. The fund will close on around $50 million to $75 million, surpassing the $30 million goal it initially set.

Brazilian blockchain startup Ecotrace gets funding for traceability tech

January 15, 2021

The São Paulo startup began by applying its traceability tech to Brazilian beef, and has since expanded into tracking poultry and cotton through the supply chain.