AGRIVI, a global agtech company, also present on the Romanian market, has secured 4 million EUR series A Round led by South Central Ventures, European Investment Fund and Croatian Bank for Reconstruction and Development. Fil Rouge Capital and AgriTech Hub also participated in the round. The funding will enable AGRIVI to expand its market reach in key European markets and USA, including Romania, by developing their farm management software.
“Strong progress in the last period and extraordinary customers we support have prepared us for the next stage of our growth. We are thankful to South Central Ventures, European Investment Fund, Croatian Bank for Reconstruction and Development, Fil Rouge Capital and AgriTech Hub for supporting us in our mission to digitalize the global agriculture. The recent global happenings have put additional spotlight on the food and agriculture, so the interest of investors for AGRIVI is strong and we are considering to extend the round with additional round closing,” stated Matija Zulj (photo), CEO and founder at AGRIVI.
AGRIVI farm management software is one of the most comprehensive farm management platforms on the market and is available for Romanian farmers, in Romanian language, for one year and a half. AGRIVI has an office in Bucharest and a team that helps companies develop.
The financing round builds on an exceptional period for AGRIVI, where the company saw a rapidly growing roster of clients, key executive appointments, market recognition and market momentum as food and agriculture were put under the spotlight.
Major market researches position AGRIVI among key global leaders in the farm management industry and its customer portfolio grew to include brands such as Nestle, Driscoll’s, Kimberly-Clark and BNP Paribas among many others. A global consulting company EY recommends AGRIVI’s solutions as the fast-impact project for governments to improve local food sustainability and reduce climate impact on a national level.
“AGRIVI has made an impressive progress since our initial investment back in 2016. They have positioned themselves on a global map of the leading agtech companies as one of the leading farm management platforms. I’m also thrilled that European Investment Fund identified this opportunity and participated in our first direct co-investment. I believe the funds from this financial round will enable AGRIVI to accelerate their activities on multiple business areas and consequently facilitate the global impact on the healthy food production,” stated Jure Mikuz, lead investor in the round and Managing Partner at South Central Ventures.
Following the new financing, the company intends to expand its presence in Romania, by increasing the number of employees, and to reach as many farmers in our country. The AGRIVI platform supports farms and agri-food companies in obtaining sustainable productions, from an economic and ecological point of view.