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

Agrotools, a Brazilian-based know-how 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 embrace 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, targeted on rural territories. That features analyzing over 1,300 layers of information from a number of sources to offer data on what is going on with suppliers and prospects throughout a sure rural territory to result in competitors and environmental, social and governance elements compliance. Its choices embrace granting monetary sources 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 trade and Agrotools stated it has analyzed over 4.5 million rural territories up to now and screens over $3 billion in commodities by its platform. It additionally boasts over $10 billion in rural finance portfolios supported by a minimum of considered 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 through the pandemic. The funding might be deployed into areas together with increasing its enterprise within the U.S., Latin America and different areas and know-how improvement like synthetic intelligence, blockchain, gamification, know-how democratization and satellite tv for pc information sources.

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

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