Agrotools, a Brazilian-based technology and intelligence company for agribusiness raised $21 million to value the company at around $94 million, according to the company.
Investors in the round include 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 provides remote analyses to agriculture customers for the management of operational risks and opportunities, focused on rural territories.
That includes analyzing over 1,300 layers of data from multiple sources to provide information on what is happening with suppliers and customers across a certain rural territory to bring about competition and environmental, social, and governance factors compliance.
Its offerings include granting financial resources and rural insurance for the purchase of raw materials and sale of inputs, capital markets, and retail.
Agrotools said it has analyzed over 4.5 million rural territories to date and monitors over $3 billion in commodities through its platform.
It also boasts over $10 billion in rural finance portfolios supported by at least one of its offerings and approximately $20 billion in monitored agribusiness operations.
According to the CEO of Agrotools, Sergio Rocha, the company grew 16 times in the last six years, including tripling in size during the pandemic.
The funding will be deployed into areas including expanding its business in the U.S., Latin America, and other regions and technology development like artificial intelligence, blockchain, gamification, technology democratization, and satellite data sources.
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