Agrizy Raises $9.8 Million in Series A Funding to Revolutionize Agrifood Industry

Agrizy, a B2B agri-processing platform founded in 2020, recently concluded its Series A funding round, securing a total of $9.8 million. The funding was co-led by Accion and Omnivore, with support from newcomers Capria Ventures and Thai Wah Ventures. Notably, longtime backer Ankur Capital also increased its investment in the company, which has now raised a cumulative sum of $17.3 million after a successful $5 million loan round.

The fresh capital injection is intended to bolster Agrizy's consulting services, expand its presence across new product categories and geographic markets, and offer financial solutions to farmer-producer organizations and processing firms. With Omnivore having led Agrizy's $2.5 million seed round previously, this latest funding round aims to further enhance Agrizy's position in serving the needs of the processed agrifood value chain.

Agrizy's business model enables agrifood processors to procure pre-processed and semi-processed agrifood products through its B2B platform, which streamlines the entire process through quality control, logistics, and payment facilitation. By focusing on improving capacity utilization and profitability for SME processors, Agrizy's value-added processing services cater to both small and large agrifood processors and brands with customized agro food products.

This development emphasizes Agrizy's commitment to transforming the agrifood industry by providing tailored solutions that meet the evolving needs of the sector.

Source: Startup Rise Asia