Agro.Club

Agro.The Club is a mobile platform that brings together farmers, their suppliers, and crop buyers into a single network for effective trade, obtaining valuable analytics, marketing their own products, and exchanging experience at all stages of the chain - from seeds to sales.

History

2021: Attracting $5 million investment

On July 7, 2021 Raiffeisen Bank , he announced TAdviser that Elevator Ventures , together with other international investors, he took part in investment round A, during which Russian startup Agro.Club received 5 million for United States dollars further development in the global business arena.

Russian developer of IT solutions for agriculture Agro.Club attracted $5 million < br/> Source photo: newswire.com

The leading investors of the round were the international fund with agricultural expertise Rabo Frontier Ventures (RFV) and VentureFriends, a large European venture fund with a focus on marketplaces, fintech and SaaS models. Current Agro.Club investors, including the Speedinvest Fund, also participated in the round.

In 2020, Agro.Club's turnover grew 10 times to $40 million. After receiving the sowing round in early 2020, Agro.Club entered the markets of North America and increased the team to 70 people, including market leaders with experience in agriculture, e-commerce and B2B. The funds raised will be used for development in the American region and in the markets of Western Europe, starting with the launch in Spain and the UK. This will also allow offering fintech services to international agribusiness, previously available only to Russian customers. Agro.Club will also continue to develop the team and improve the platform.

As soon as international agricultural companies get acquainted with the advantages of our platform in practice, they immediately begin to use it in different countries of the world. Closing this round was timely and will allow us to continue communicating with a large number of customers on different continents. And with the expertise of Rabo Frontier Ventures and VentureFriends in fintech and agro-industrial complex, we will become even more useful for customers, commented by Yegor Kirin, founder and CEO of Agro.Club.

In Russia, Agro.Club is mainly a grain marketplace that allows users of a digital platform and mobile application (more than 17 thousand farmers according to the project as of July 2021) to enter into sales transactions and track market conditions. Agro.Club acts as a link and guarantor of operations, providing financial and logistical services for potential partners.

In the USA and Canada, Agro.Club collaborates with large producers of seeds, agrochemistry and feed additives, offering an embedded business solution for automating commercial and marketing processes. This is a fully integrated platform, customized individually for each client and allows you to build a sales and marketing system in collaboration with market participants (farmers, distributors, corporate sales team).

Agro.Club technologies solve a very important problem that resonates with the interests of the Raiffeisen group and Raiffeisen Bank in Russia - increasing the transparency of settlements and trust between various players in the industry, noted Evgenia Ovchinnikova, head of the Raiffeisen Bank Innovation Center.

2020: $1.5 million investment from Elevator Ventures and Speedinvest

On June 3, 2020 Raiffeisen Bank , he announced that, Elevator Ventures a corporate venture capital company, RBI together with the company Speedinvest , had invested Russian startup in Agro.Club, a digital agricultural ecosystem that, following Russia its launch North America , plans to expand further in the markets. the European The volume of investments amounted to a total of 1.5 million. United States dollars More. here

2018: Start of work in Russia

In August 2018, Agro.The Club began working in Russia and in June 2020 won the confidence of more than 10,000 market participants (about 15% of the total agricultural community).