Agrando completes seed funding round in the millions - Key technology for European agri-trade

Munich (ots) - The Munich-based AgTech company Agrando is in the process of
establishing itself as the market leader for digital agri-trade in Europe and
has received a seven-figure investment. The investor consortium is led by the
European VC fund June, the London family office JLR Star, and the AgTech
investor Baltic Venture. They were convinced by the unique business model, the
strong founding personalities, and the concentrated agricultural IT knowledge.
Agrando has the potential to scale internationally and become the key technology
for competitive agriculture in Europe. With this investment, Agrando continues
to focus on growth while IT and R&D are being expanded.

Florian Schindler, Co-Founder, June Fund: "We look for founders that bring
fundamental change to the industries they are addressing. The huge business of
European agri-trade certainly is ripe for such changes. By enabling all players
involved in agri-trade, we have the strong conviction that Agrando, is in a
unique position to address this exciting market. We are very impressed by
Jonathan's industry expertise as well as vision and are excited to support the
Agrando team in making this a reality."

Agrando founder and CEO Jonathan Bernwieser is a business IT specialist and son
of a farmer: "Our goal is a future-proof agriculture. We give farms of all sizes
access to a fair and transparent market and support them to make good business
decisions. The high response shows us that our offer is just right."

The market opportunity is huge: Germany has around 266,600 farms. Across Europe,
there are 10.5 million farms.

Agrando's business model picks up all players in existing structures and allows
them to benefit profitably from the full potential of digitalisation. The
independent agricultural trade platform links farmers, traders, and
manufacturers and supports them with technically optimised trade processes,
data-based analyses, and industry-specific advice. Agrando includes Germany's
largest retailer network, the largest digital catalogue of agricultural inputs,
and will soon become the largest online network for farmers.

Contact:

Agrando GmbH
Kristina Lutilsky, Public Relations
+49 89-215385130
lutilsky@agrando.de
www.agrando.de/blog/presse/

Additional content: https://www.presseportal.de/pm/141290/4519045
OTS: Agrando GmbH

Original-Content von: Agrando GmbH, übermittelt durch news aktuell