Tech Company Financing Transactions
Agrolend Funding Round
Agrolend closed a $27 million Series B funding round on 11/9/2022. Investors included Lightrock, Barn Investments and Continental Grain Company.
Transaction Overview
Company Name
Announced On
11/9/2022
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series B
Investors
Proceeds Purpose
This funding will increase Agrolend's equity to R$220 million; enabling the company to target an increase in its loan book to R$2 billion for the 2023/24 crop season, through extending its services to a client base of up to 10,000 small-to-medium sized farmers across Brazil. Agrolend's loan book is expected to reach R$250 million by the end of 2022.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Rua Joaquim Floriano, 960 9th fl
São Paulo, 04534-004
BR
São Paulo, 04534-004
BR
Phone
Website
Email Address
Overview
Agrolend was born to revolutionize the agribusiness market for small and medium rural producers in Brazil, through the granting of sustainable credit, necessary to finance the development of agricultural production and encourage investment in equipment and technology, which increase their productivity and profitability.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andre Glezer
Chief Financial Officer
Alan Glezer
Co-Founder
Valeria Bonadio
Co-Founder
Leopoldo Vettor
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We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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