Agrotools, a Brazilian-based technology for agribusiness raised $21 million

Agrotools is a Brazilian technology company and intelligence company that specializes in agribusiness. It raised $21million to help the company reach a valuation of around $94 millions.

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 analysis for customers in agriculture to help them manage operational risks and potentials, with a focus on rural regions. 

It involves analyzing more than 1,300 layers data from multiple sources in order to find out what is going on with customers and suppliers within a specific rural area. This will allow for compliance of environmental, social and governance factors. 

It offers financial resources and rural insurance to purchase raw materials, inputs, capital markets and retail.

Agrotools stated that it has analysed over 4.5 million rural areas to date and monitors more than $3 billion in commodities via its platform.

 It boasts over $10 Billion in rural finance portfolios that are supported by at least one of its offerings, and around $20 billion in monitored Agribusiness operations.

Sergio Rocha (CEO of Agrotools) stated that the company has grown 16 times over the past six years, with the exception of tripling its size during the pandemic. 

The funding will be used for areas such as expanding the business in the U.S., Latin America and other regions, and technology development such artificial intelligence and blockchain, gamification and satellite data source.

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