Agrotools, a Brazilian-based modern technology and also knowledge firm for agriculture, elevated $21 million (BRL 100 million) to value the firm at around $94 million, according to the firm.
Capitalists in the round consist of Horácio Lafer Piva (Klabin), Pedro Paulo Campos (JP Morgan, Pátria and also Collection), Fátima Marques (Hay Group/Korn Ferryboat), Paulo Hegler (Toledo), Olivier Murguet (Nissan-Renault), KPTL and also FIP Inovabra and also Ronaldo Galvani Jr.
Agrotools supplies remote evaluations to farming consumers for the monitoring of functional dangers and also possibilities, concentrated on country areas. That consists of studying over 1,300 layers of information from numerous resources to offer details on what is occurring with distributors and also consumers throughout a particular country area to cause competitors and also ecological, social and also administration variables conformity. Its offerings consist of approving funds and also country insurance coverage to the acquisition of basic materials and also sale of inputs, resources markets and also retail.
Brazil’s farming market is a $24 billion sector and also Agrotools stated it has actually assessed over 4.5 million country areas to day and also keeps track of over $3 billion in assets via its system. It likewise flaunts over $10 billion in country financing profiles sustained by a minimum of among its offerings and also roughly $20 billion in monitored agriculture procedures.
Sergio Rocha, Chief Executive Officer of Agrotools, stated through e-mail the firm expanded 16 times in the last 6 years, consisting of tripling in dimension throughout the pandemic. The financing will certainly be released right into locations consisting of increasing its service in the U.S., Latin America and also various other areas and also modern technology growth like expert system, blockchain, gamification, modern technology democratization and also satellite information resources.
It will certainly likewise be used for calculated collaborations and also purchases. The firm has actually currently partnered with geospatial solutions firm ESRI, stated Rafael Gomes, COO of Agrotools.
“My desire, considering that the start of Agrotools, is to alter international agriculture, giving it effectiveness and also real sustainability,” Rocha stated. “In other words, we wish to satisfy the Planet’s requirements to conquer the environment and also food situations, utilizing sophisticated modern technology. Towards this vision, we simply got an electronic system from Argentina to sustain the country manufacturer weather condition threat monitoring and also companies take the chance of evaluation.”