Agranimo receives funding from Nector Holdings to accelerate growth in the fresh produce industry and improve its technology platform
Today we officially announce the investment of €2 million from Nector Holdings, the Agtech arm of HL Hall & Sons that will allow further development of the analytics to better use on-farm data in the supply chain, and expand the suite of tools to address the needs of smaller farmers and larger corporate clients looking for streamlined plant-relevant soil and climate data analysis. Our previous investor, Rockstart, global accelerator-VC, has completed its first exit from the Rockstart AgriFood fund only 20 months after the initial investment with this transaction!
At its core, HL Hall & Sons is a global, vertically integrated, fresh produce business that has been operating for over 130 years, but the wider group includes operating businesses in property development, pharmaceuticals, technology and financial services. Nector aims to consolidate the decades of agricultural knowledge and insights within Halls and develop innovative solutions that solve real-world challenges in the global fresh produce supply chain.
Nector is an ideal strategic partner for Agranimo due to its history and global presence in fruit and nut farming as well as an established global supply chain in fruit production, sourcing, and marketing – from farm to shelf. All of us at Agranimo are excited to leverage this partnership to:
- create a more targeted offering for the different customer segments from smallholder farmers to large corporate growers and the CPG industry
- invest in expanding the number of data integrations
- accelerate integration with SAP to provide climate intelligence for risk evaluation, certifications and benchmarking
- increase geographical presence
Here is what Agranimo CEO Nikita Gulin says about the new partnership:
“We are very happy to have Nector as an investor and partner for a variety of reasons! They are a team of great people with a similar set of values and vision of the industry. We can access a lot of knowledge and expertise from HL Halls & Sons, which operates across all stages of production and distribution in the fresh produce value chain, thus helping us refine existing products as well as rapidly develop and trial new product ideas. We are thankful for the trust that our existing customers had in our abilities to bring useful tools to them and are looking forward to create even better value through existing and future products”
Richard Franklin, MD of Nector Holdings, also comments on the deal:
“We are delighted to announce our investment in Agranimo. Over the last 12 months we have developed a strong partnership, one that is based on a shared vision for technology in the food value chain, as well as a common culture and set of principles. The Agranimo leadership team has built a dynamic, forward-thinking business that tackles some of the core challenges in agriculture today. We look forward to working together with Nikita and his team as we develop innovative digital solutions for the food industry.”
Commenting on the exit, Mark Durno, Managing Partner at AgriFood, Rockstart said:
“We are very happy for Nikita, Sergio and the entire team at Agranimo. Since Rockstart invested in 2019, we have been consistently impressed by Agranimo’s speed of commercial deployment and dedication to drive greater transparency and forecasting to growers and stakeholders throughout the supply system. The investment enables Nector Holdings and Agranimo to scale their impact and technology even further. Congratulations to all the parties involved!”
Agranimo has offices in Berlin, Germany and Santiago, Chile with plans to expand our presence further. We are looking for partners to join us – feel free to reach out if you’re interested in collaborating in bringing more climate adaptation tools to growers in your region!