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.
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 Indian company will use the Series C funding to expand its global presence and provide its AI-driven agronomy and financing solutions to more customers.
Delhi-based Arya, which provides grain storage and loans to smallholders, is fintech investor Quona Capital’s second ag finance deal.
Trade, logistics, and supply chain management are among the other areas to be targeted by the new government-backed initiative.
The Buenos Aires-based accelerator has selected four startups for its latest program, which is adopting a virtual format amid Covid-19.
Traive helps ag supply chain companies provide farmers with working capital loans through its ‘B2B2C’ lending and risk assessment model.
The World Agri-Tech Innovation Summit takes place each year in London, San Francisco and São Paulo . With more than 41 countries represented in London
Istanbul-based Tarfin offers access to extended payments for smallholder farmers, and creates pools of receivables for institutional investors as asset-backed securities.
Arkam Ventures led the pre-Series A investment in Jai Kisan, which wants to increase Indian farmers’ access to financial services – and lenders’ access to farmers.
Facebook’s first investment in an Indonesian company has echoes of its $5.7 billion Jio deal in India earlier this year.
“You have 130 million farmers plus their families who are vulnerable… Traditional urban insurance brokers do not understand [their] needs,” founder Jatin Singh told AFN.
The collaboration brings private-sector tech players into the mix to extend the scope of the NGO’s contract farming program for rice-growing smallholders.
Arya has a warehousing and fintech platform to solve to help Indian farmers avoid selling their grain at the worst time of year — after harvest.
“One of our first farms in Detroit went from $10,000 in revenue to $80,000 in revenue from our funding. It unlocked so much growth,” Steward CEO told AFN.
The startup is trying to create a clearinghouse for fresh perishable produce products and hopes to expand beyond the US to other top-producing regions.
There’s been no greater pressure for the agriculture industry to account for its environmental footprint than there is today. Sprout is looking for startups approaching this challenge to apply for its accelerator.
Flowhub provides a dispensary management software solution while Bespoke Financial claims to be a first of its kind short-term lender focusing on the cannabis sector.
The Yield Lab Latin America (YL) has revealed the startups joining its second cohort based out of Buenos Aires, Argentina where I was lucky enough to meet them during AgTech Week.
Farming is expensive and the payout isn’t always guaranteed, but DeHaat hopes to soften the financial stress for its members with new offerings like credit and insurance.
Biological innovation is key to the economic & environmental sustainability of CEA