In its Series A round of funding, co-led by Accion and Omnivore, B2B agri-processing platform Agrizy has secured $9.8 million.
Participating investors include newcomers Capria Ventures and Thai Wah Ventures, while longtime supporter Ankur Capital has increased its investment.
After a $5 million loan round, Agrizy has now raised a total of $17.3 million in funding. Participating in its $2.5 million seed round was Omnivore, led by Ankur Capital.
The money raised will be utilized to improve consulting services, extend the company’s reach into new product categories and geographic locations, and provide financial services to farmer-producer organizations and processing companies.
Agrizy was established in 2020 and provides tailored solutions to meet the demands of the processed agrifood value chain.
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Agrifood processors can purchase pre-processed and semi-processed agrifood items through its business-to-business platform, which offers end-to-end fulfillment services through quality control, transportation, and payment options.
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The Bengaluru-based company claims that by enhancing capacity utilisation and profitability for SME processors, its value added processing services serve large agrifood processors and brands with custom-processed agro food items.
Furthermore, its fintech services offer processors working capital at competitive rates from official lenders.
Agrizy has competition from companies such as Hazel Technologies, AgroFresh, and Copia.
About Agrizy
Agrizy is a tech-first platform for processed agri supply chains. Agriculture suppliers, processors, and buyers across food and non-food sectors use the platform to find and complete transactions.
