# Clover Ventures Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clover-ventures-pvt

- Industry: Agribusiness
- Headquarters: Bangalore, India
- Website: www.clover.ag
- Total disclosed funding: $11M
- Latest round: Series B (Sep 20, 2022)
- Investors on record: 4

## About

Clover Ventures Pvt. Ltd. offers innovative agricultural solutions focusing on enhancing crop productivity and sustainability through precision farming technologies and advanced agronomy services.Founded in 2017 in Bangalore, India, Clover Ventures Pvt. Ltd. provides advanced agricultural solutions. The founders include Arvind Murali, Avinash R, Gururaj Rao, Prakhar Mittal, and Santosh Narasipura. The company has engaged in 5 deals, with the most recent funding round being a Series B raise of INR 451.46 million on September 20, 2022, led by Accel, IvyCap Ventures, and Omnivore. The total amount raised to date is INR 451.46 million, with a current valuation of INR 3,308.99 million.Clover Ag specializes in innovative agricultural solutions designed to enhance crop productivity and sustainability. Their core product offerings include advanced agronomy services, precision farming technologies, and customized crop input solutions. These products aim to address critical challenges in modern agriculture, such as optimizing resource use, improving yield quality, and minimizing environmental impact. Clover Ag serves a diverse client base that includes large-scale farmers, agricultural cooperatives, and agribusinesses, primarily targeting markets in North America, South America, and parts of Europe.Clover Ag generated revenue of INR 10,084,387.4 in 2023 with an EBITDA of INR -5,745,879.9. The company's revenue model combines B2B partnerships and direct sales to consumers, offering subscription services for precision farming software as well as flagship agronomy services and crop inputs sold directly or through distributors. This pricing structure accommodates different agricultural market segments, ensuring flexibility for client needs.Clover Ventures Pvt. Ltd. plans to enhance its product offerings with the design and launch of new precision farming technologies in the upcoming fiscal year. The company is targeting expansion into markets in Asia and Africa by 2025. The recent funding raised on September 20, 2022, will support these initiatives, allowing Clover to invest in product development and market entry efforts.

## Funding rounds

- Series B, Sep 20, 2022, $5.6M — Accel, Omnivore, IvyCap Ventures Group
- Series A, Oct 26, 2021, $4.1M — Accel, Mayfield Fund
- Series A, Feb 18, 2020, $0M — Accel, Mayfield Fund, Omnivore
- Seed, Dec 12, 2018, $1.1M — Accel, Mayfield Fund

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Seed, Series A
- Omnivore (https://capitalatlas.ai/funds/omnivore) — Series A, Series B
- IvyCap Ventures Group (https://capitalatlas.ai/funds/ivycap-ventures-group) — Series B