SUCAFINA INVESTS IN ‘CLIMATE-SMART AGRICULTURE’ STARTUP AGROSMART
Summary
GENEVA, SWITZERLAND, March 31, 2022 Sucafina, a leading sustainable Farm to Roaster coffee company, announced today its investment in Agrosmart, a startup that builds smart farming data-led solutions for a more sustainable, climate-resilient food chain.The Brazil-based company has a data network that includes more than 100,000 farmers and over 90 crops, across nine countries in Latin America (Latam). Launched in November 2021, it is focused on investing in companies that are developing innovative solutions at the intersection of sustainability, technology, and new consumer trends.Mariana Vasconcelos, Agrosmarts co-founder and CEO, comes from the south of Minas Gerais in Brazil, a key region for coffee production. Stefano Rettore, Founder and CEO of LemanVentures, adds: We are looking forward to partnering with Agrosmarts leadership team to use data science to accelerate the transition to more productive, sustainable, and climate-resilient food systems.Founded in 2014, Agrosmart uses software data analysis collected from soil sensors and satellite images and provides recommendations to optimize planting, irrigation, climate resilience, and disease management. The data also helps partner organizations track key environmental, social, and governance (ESG) metrics in their value chain.Other investors in the company include: SP Ventures, Bradesco CVC (the second largest private bank in Latam), Positivo CVC (Latams largest hardware manufacturer), and Swiss Pampa (founded by Gonzalo Ramirez Martiarena). In 2021, Agrosmart grew 170% and is now raising a series-B funding round to continue the expansion of its Enterprise SaaS strategy and embedding financing into its offering.Sucafina is a leading sustainable Farm to Roaster coffee company, with a family tradition in commodities that stretches back to 1905.