Portugal-based agriculture tech company, Agroop, has successfully secured its initial €500,000 funding target through its latest equity crowdfunding campaign on Seedrs. The funding round was launched in March, less than two years after Agroop obtained €514,000 on the funding platform.
As previously reported, Agroop was founded in 2014 with a mission to democratize the access to technology in the farming sector by building a big data analytics platform to help farmers and agronomic agents to be more productive, allowing them to monitor costs, water needs, predict risk factors and identify best production factors and procedures. Among Agroop’s products are the following:
- Agroop Operational: A modern farm management application will allow users to manage their operations in a more intuitive, collaborative and efficient way
- Stoock: A turn-key equipment that will allow users to calculate hydric needs for crops
- Agroop Corporation: A collaborative software that will allow users to support users’ affiliates/customers and optimize their work
Speaking about launching the latest funding round, Bruno Fonseca, Agroop’s CEO, recently stated:
“We’re launching this investment round to keep innovating and growing, to strengthen our value propositions, and to consolidate our international expansion strategy. We want to invest more assertively in high-potential markets like the USA – where we already have strong early adopters – and Australia, where we have motivated clients and partners.”
The funding round is set to close this summer.
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