Agritech

$2M to help farmers earn more while doing good for the planet

March 15, 2023
Agros

Here'sย Agros!ย This Singapore-headquartered agritech just raised a $2.7M Pre-Series A round led by Gaia Impact Fund and Schneider Electric Energy Access Asia.ย 

  • Founded in 2019, they work with 1.5k farmers across Cambodia and Myanmar and have grown farmer profits by more than $1,5M and decreased up to 5k tons of Co2 emissions.

Investor check.ย Wavemaker Impact, Silverstrand Capital and Circle Capital also joined in.

  • ๐Ÿ‘ผ๐Ÿป: Steve Melhuish (Founder, PropertyGuru).

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๐Ÿง The gist

They're building an end-to-end ecosystem of products and services to help small and medium-sized farmers double their incomes โ€” while reducing carbon emissions along the way!

  • Once farmers are on Agros, they double their profits through lower input costs, better yields and higher prices, thanks to higher-quality crops.

And with fuel and fertilizer prices shooting up, more farmers are looking to switch to more sustainable and efficient practices!

  • This helped Agros hit 4x growth YoY in 2022.

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๐Ÿšœ How it works

Their first two products allow farmers to save on fuel for irrigation and fertilizer for soil restoration.

Here comes the sun!ย They offer, install and maintain affordable solar water pumps. The best part? You only pay after you harvest.

  • All the good stuff. With these, you can have 20โ€“30% lower input costs, get an additional crop cycle and upgrade to higher-value crops.

All about the earth.ย This focuses on restoring degraded soil, increasing yields and reducing expenses on synthetic fertilizers.

  • This involves soil testing, agronomy advisory and adding climate-resilient inputs.

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๐Ÿ”œ What's next?

They're set to scale in their existing markets and launch operations in a third market! (Any guesses where?) Plus, they'll beef up their leadership team and develop an app that streamlines the value chain.

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