Agro.Club, a Delaware City, Del.-based agtech startup, raised $5M in Series A funding.
The round was co-led by Rabo Frontier Ventures and VentureFriends, with participation from existing investors Speedinvest and Elevator Ventures.
The company intends to use the funds to expand across Western Europe and the Americas, beginning soon with a launch in Spain and the UK, introduce its fintech offering, currently only available in Russia, to North American and European customers, continue expanding its team and introducing new features to enhance its product.
Led by Egor Kirin, CEO and founder, Agro.Club connects input suppliers and grain buyers with farmers using digital commercial effectiveness and fintech solutions. The company’s solutions are used by seed, crop protection, animal nutrition companies, as well as other suppliers, to manage their sales and marketing campaigns with distributors and farmers from start to finish. International agriculture companies as well as more than 19,000 farmers across Europe and North America use Agro.Club services today.
Since raising its seed round in the beginning of last year, the startup has launched in North America and grown into a 70-person team including leaders from the fields of agriculture, digital commerce, and B2B enterprise.