OTS - Agrando completes seed funding round in the millions - Key technology for European agri-trade
2020. February 13. 09:40
München, 13 February, 2020 (APA/OTS) - The Munich-based AgTech
company Agrando is in the process of establishing itself as the
market leader for digital agri-trade in Europe and has received a
seven-figure investment. The investor consortium is led by the
European VC fund June, the London family office JLR Star, and the
AgTech investor Baltic Venture. They were convinced by the unique
business model, the strong founding personalities, and the
concentrated agricultural IT knowledge. Agrando has the potential
to scale internationally and become the key technology for
competitive agriculture in Europe. With this investment, Agrando
continues to focus on growth while IT and R&D are being expanded.
Florian Schindler, Co-Founder, June Fund: "We look for founders
that bring fundamental change to the industries they are
addressing. The huge business of European agri-trade certainly is
ripe for such changes. By enabling all players involved in
agri-trade, we have the strong conviction that Agrando, is in a
unique position to address this exciting market. We are very
impressed by Jonathan's industry expertise as well as vision and
are excited to support the Agrando team in making this a reality."
Agrando founder and CEO Jonathan Bernwieser is a business IT
specialist and son of a farmer: "Our goal is a future-proof
agriculture. We give farms of all sizes access to a fair and
transparent market and support them to make good business
decisions. The high response shows us that our offer is just right."
The market opportunity is huge: Germany has around 266,600
farms. Across Europe, there are 10.5 million farms.
Agrando's business model picks up all players in existing
structures and allows them to benefit profitably from the full
potential of digitalisation. The independent agricultural trade
platform links farmers, traders, and manufacturers and supports
them with technically optimised trade processes, data-based
analyses, and industry-specific advice. Agrando includes Germany's
largest retailer network, the largest digital catalogue of
agricultural inputs, and will soon become the largest online
network for farmers.
Press contact:
Agrando GmbH
Kristina Lutilsky, Public Relations
+49 89-215385130
lutilsky@agrando.de
www.agrando.de/blog/presse/
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