ZoomAgri Raises $6 Million in Series A

by Kay Aloha Villamor in July 24th, 2023

ZoomAgri, a Madrid, Spain-based AgTech startup transforming the testing, inspection, and certification of Agri commodities and food, raised $6 million in Series A funding.

The round was led by GrainCorp and GrainInnovate, with participation from SP Ventures and Artesian. This round brings ZoomAgri’s total amount raised to $11 million.

The funds will be used to accelerate product development and expand its operations into Canada and the United States in the coming months.

ZoomAgri provides a SaaS platform for testing, inspection, certification, and traceability of Agri & Food supply chains via artificial intelligence for the determination of the variety and quality of cereals and oilseeds. An image database of more than 250 million individual images powers their AI algorithms.

The company serves clients such as exporters, processors, grain handlers, seed companies, surveyors, and laboratories. With offices in Argentina, Brazil, Australia, and Spain, ZoomAgri has gained global traction with customers in over 25 countries.

Company: ZoomAgri, Inc.

Raised: $6.0M

Round: Series A

Funding Month: July 2023

Lead Investors: GrainCorp and GrainInnovate

Additional Investors: SP Ventures and Artesian

Company Website: https://zoomagri.com/

Software Category: Agricultural Software

About the Company: Founded in 2017ZoomAgri is a developer of agricultural software designed to offer sustainability from the farm to the end consumer. The company's software recognizes the physical quality of grains and oilseeds such as corn, soybeans, wheat, barley, and many other agriculture commodities via computer vision, artificial intelligence, and machine learning applied to image processing, enabling users to get objectivity, transparency, and traceability.

Source: https://www.finsmes.com/2023/07/zoomagri-raises-6m-in-series-a-funding.html

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