OTS - Agrando closes Series-A financing round with €12 million investment
2021. July 07. 09:15
Munich, Germany, 7 July, 2021 (APA/OTS) - Munich-based AgTech
start-up Agrando successfully completed its Series A with an
investment of 12 million Euros. They raise the highest amount ever
in a Series A in agribusiness across Europe. yabeo Impact AG, an
impact fund of early-stage investor yabeo from Munich, leads this
round. They are accompanied by Sony Innovation Fund and
Investbridge. Existing investors such as the technology VC June
Fund and the London family office JLR Star are investing again. The
capital enables Agrando, which is on its way to becoming the
European market leader, to invest in internationalisation and R&D.
Agrando, founded in 2017, is an independent platform that
connects all players in agri-trade. They support farmers, retailers
and producers using optimised trading processes, data-based
analyses and trade-specific advice. Farms get access to extensive
market knowledge and the largest online shop for agricultural
inputs in German-speaking countries. Retailers and producers can
use Agrando as an additional sales channel or to enter the online
trade. The company already expanded to Austria (2020) and France
(2021).
CEO & founder Jonathan Bernwieser: "For a sustainable value
chain we need strong agricultural businesses in Europe." As a
farmer's son and business information scientist, he knows both the
agricultural needs and the opportunities through process
optimisation: "Only if farms have access to the market information
relevant to them at all times can they make good decisions and
position their farms for the future."
Saskia Becker, Board Member of yabeo Impact AG: "We want to
actively shape the transformation of agriculture. Agrando has
exactly the right solutions for the future of agriculture. The
company plans to digitise European agricultural trade and make
small-structured farms in particular more efficient."
Gen Tsuchikawa, Chief Investment Manager for Sony Innovation
Fund: "We, at Sony Innovation Fund, believe in the benefits of
digitizing the farm. Agrando enables farmers to analyze and
understand what they need in order to make the best decisions and
connects them with trusted suppliers, forming a network which will
allow them to more swiftly adjust to the changing environment."
Picture is available at AP Images (http://www.apimages.com)
Contact Information:
Kristina Lutilsky
presse@agrando.com
https://agrando.com/en-de/press
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