Agrotools Farming M&A with New $21M Financing Round

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Agrotoolsa Brazilian technology and analytics company for agribusiness, has raised $21 million (BRL 100 million) to value the company at around $94 million, according to the company.

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Round investors include Horacio Lafer Piva (Klabin), Pedro Paulo Campos (JP Morgan, Pátria and Arsenal), Fatima Marquez (Hay Group/Korn Ferry), Paulo Hegler (Toledo), Olivier Murguet (Nissan-Renault), KPTL and FIP Inovabra and Ronaldo Galvani Jr.

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Agrotools provides remote analysis to agricultural clients to manage operational risks and opportunities focused on rural areas. This includes analyzing more than 1,300 layers of data from multiple sources to provide insights into what is happening to suppliers and customers in a given rural area to ensure compliance with competitive, environmental, social and governance factors. Its offerings include the provision of financial resources and rural insurance for the purchase of raw materials and the sale of resources, capital markets and retail.

Brazil’s agricultural sector is a $24 billion industry. and Agrotools said it has analyzed over 4.5 million rural areas to date and is tracking over $3 billion worth of goods through its platform. It also boasts over $10 billion in rural finance portfolios backed by at least one of its offerings, and roughly $20 billion in controlled agribusiness operations.

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Sergio Rocha, CEO of Agrotools, said in an email that the company has grown 16 times over the past six years, including tripling during the pandemic. The funding will focus on areas such as business expansion in the US, Latin America and other regions, as well as technology development such as artificial intelligence, blockchain, gamification, technology democratization, and satellite data sources.

It will also be used for strategic partnerships and acquisitions. The company is already partnering with geospatial services company ESRI, said Rafael Gomez, COO of Agrotools.

“Since the founding of Agrotools, my dream has been to change the global agribusiness, making it efficient and truly sustainable,” said Rocha. “In short, we want to meet the needs of the Earth to overcome the climate and food crises using advanced technologies. In line with this vision, we have just acquired a digital platform in Argentina to support weather risk management of rural producers and corporate risk assessment.”


Credit: techcrunch.com /

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