In August 2024, agrifoodtech investments in Latin America continue to rise as startups and innovations reshape the industry
GLOCAL at the World Agri-Tech San Pablo
A few weeks ago we had the pleasure of being part of the inauguration of the Agtech Show at ExpoRural24. Florencia Solari, Investment Officer of GLOCAL, was part of the panel: “Investment in Innovation: LATAM Funds in Innovation” together with industry leaders such as Matias Peire (GRIDX), Tomás Peña (The Yield Lab LATAM) and Micaela Rambaudo (Sancor Seguros Ventures)
What have we been reading?
Star 4: Nestlé develops high-yielding coffee variety to take on climate change
In its bid to make the global coffee supply chain more resilient, Nestlé has developed a new arabica variety that has a high yield and is thus linked to lower greenhouse gas emissions.
Monarch Tractor markes largest-ever raise in agricultural robotics
Monarch Tractor, creator of the MK-V, the world’s first fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform, has today announced a history-making $133 million Series C, making it the largest funding raising round in agricultural robotics history.
Digital payments gain traction in agribusiness, yet hurdles remain
The agricultural industry is experiencing a gradual shift from traditional paper checks to digital payment methods, driven by younger farmers and the appeal of improved transaction efficiency
Portfolio News
ucrop.it and its technological service that enables verification and traceability allowed its client, Molinos Agro, to successfully complete the first shipment of deforestation-free soybean meal.
ZoomAgri, which uses AI to digitize inspection and certification processes for agricultural products, wants to make Brazil its main market in the coming years
Done Properly was selected to be part of the BIG 8 generation of Start-Up Chile by Corfo
Verqor an innovative fintech startup revolutionizing climate-smart agriculture in Mexico, is leveraging digital technology to provide crucial financial access to smallholder farmers
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Key Agrifoodtech investments in Latin America
IDGeo, agritech specialized in technological solutions for monitoring and management of agricultural areas, is closing a R$6M seed round
Agrizy secures $9.8M to connect India’s small food processors with global markets
Leaf Agriculture raises $11.3M Series A to build ‘the lingua franca’ of ag data
InnerPlant, which recodes plants’ DNA to improve distress signaling, bags $30M Series B led by its ‘ideal investors’: an alliance of North American farmers
