Agrotools farming for M&A with new $21M funding spherical

Agrotools, a Brazilian-based expertise and intelligence firm for agribusiness, raised $21 million (BRL 100 million) to worth the corporate at round $94 million, in line with the corporate.

Buyers within the spherical embody Horácio Lafer Piva (Klabin), Pedro Paulo Campos (JP Morgan, Pátria and Arsenal), Fátima Marques (Hay Group/Korn Ferry), Paulo Hegler (Toledo), Olivier Murguet (Nissan-Renault), KPTL and FIP Inovabra and Ronaldo Galvani Jr.

Agrotools supplies distant analyses to agriculture prospects for the administration of operational dangers and alternatives, centered on rural territories. That features analyzing over 1,300 layers of knowledge from a number of sources to offer data on what is occurring with suppliers and prospects throughout a sure rural territory to result in competitors and environmental, social and governance components compliance. Its choices embody granting monetary assets and rural insurance coverage to the acquisition of uncooked supplies and sale of inputs, capital markets and retail.

Brazil’s agriculture sector is a $24 billion industry and Agrotools stated it has analyzed over 4.5 million rural territories to this point and screens over $3 billion in commodities via its platform. It additionally boasts over $10 billion in rural finance portfolios supported by not less than certainly one of its choices and roughly $20 billion in monitored agribusiness operations.

Sergio Rocha, CEO of Agrotools, stated through e mail the corporate grew 16 occasions within the final six years, together with tripling in measurement in the course of the pandemic. The funding can be deployed into areas together with increasing its enterprise within the U.S., Latin America and different areas and expertise improvement like synthetic intelligence, blockchain, gamification, expertise democratization and satellite tv for pc information sources.

It can even be utilized for strategic partnerships and acquisitions. The corporate has already partnered with geospatial providers firm ESRI, stated Rafael Gomes, COO of Agrotools.

“My dream, for the reason that starting of Agrotools, is to alter international agribusiness, bringing to it effectivity and true sustainability,” Rocha stated. “In brief, we wish to meet the Earth’s wants to beat the local weather and meals crises, utilizing cutting-edge expertise. Towards this imaginative and prescient, we simply acquired a digital platform from Argentina to help the agricultural producer climate threat administration and firms threat evaluation.”

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