# Agrando

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agrando

- Industry: Internet
- Headquarters: Munich, Germany
- Website: www.agrando.com
- Total disclosed funding: $14M
- Latest round: Series A (Jul 5, 2021)
- Investors on record: 7

## About

Based in Munich, Germany, Agrando GmbH operates as a digital platform that connects farmers with suppliers of agricultural inputs, enhancing efficiency in the agricultural supply chain.Agrando GmbH, founded in 2017 in Munich, Germany, focuses on facilitating agricultural supply chain transactions. The company has successfully completed 2 deals, with its most recent funding round occurring on July 5, 2021, where it raised EUR 12 million in Series A funding. This round was led by returning investor JLR Star, with participation from investors including Sony Ventures and Yabeo Capital. The total amount raised by Agrando stands at EUR 12 million, giving it a current valuation of EUR 36.65 million.Agrando, now under Agryco, offers a comprehensive suite of agricultural inputs tailored for the needs of farmers in Germany. Its core product offerings include fertilizers, seeds, animal feed, replacement parts, and stable supplies, all designed to enhance agricultural productivity and efficiency. These products serve a diverse client base, including both large-scale commercial farms and smaller family-run operations, addressing critical agricultural challenges such as crop yield improvement and livestock health. Agryco's offerings are strategically positioned in the German market, ensuring they meet local agricultural demands and regulatory standards.The revenue structure for Agryco is built around direct sales of agricultural products to its customers, which include farmers and agricultural enterprises. Transactions typically occur through a B2B model, where Agryco supplies its products directly to agricultural businesses. This model allows for tailored pricing plans based on bulk orders and long-term partnerships, fostering a stable revenue stream. The focus on direct sales and partnership arrangements enables Agryco to maintain robust relationships with its clients, contributing to consistent revenue generation.Following the successful Series A funding round on July 5, 2021, Agrando GmbH plans to use the EUR 12 million raised to invest in the internationalization of its business and to scale its research and development efforts. Future growth strategy includes the design and launch of new agricultural products, though specific release dates have not been detailed. Additionally, Agrando aims to expand into new markets, targeting regions across Europe, with plans to initiate this expansion by 2023.

## Funding rounds

- Series A, Jul 5, 2021, $14M — Yabeo Capital, Sony Innovation Fund, June Fund, Oyster Bay, JLR Star, World Trading Innovation WTI GmbH
- Seed, Feb 12, 2020 — June Fund, JLR Star, Baltic Venture

## Investors

- June Fund (https://capitalatlas.ai/funds/june-fund) — Seed, Series A
- JLR Star (https://capitalatlas.ai/funds/jlr-star) — Seed, Series A
- Baltic Venture — Seed
- Yabeo Capital (https://capitalatlas.ai/funds/yabeo-capital) — Series A
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series A
- Oyster Bay (https://capitalatlas.ai/funds/oyster-bay) — Series A
- World Trading Innovation WTI GmbH — Series A