Portugal-Based Agricultural Tech Startup Agroop Returns to Seedrs to Raise €200,000

Agroop, an agricultural tech that develops solutions to collect data and provide insight to farming agents, recently launched its third equity crowdfunding campaign on Seedrs. The Portugal-based company is currently seeking €200,000 as it prepares to expand and grow.

Founded in 2014, the company stated it is looking to democratize the access to technology in the farming sector by building a big data analytics platform to help farmers and agronomic agents to be more productive, allowing them to monitor costs, water needs, predict risk factors and identify best production factors and procedures. It currently has three scalable products:

  • Agroop Operational:  A modern farm management application will allow users to manage their operations in a more intuitive, collaborative and efficient way.
  • Stoock: A turn-key equipment that will allow users to calculate hydric needs for crops.
  • Agroop Corporation: A collaborative software that will allow users to support users’ affiliates/customers and optimize their work.

The company stated:

We believe humanity is facing one of the biggest challenges in its history. The world population is growing. It has been projected that in 2050, the total number of inhabitants on our planet should be around 9 billion. According to FAO (2009), this would require raising overall food production by some 70 percent.”

During a recent interview, Bruno Fonseca, CEO of Agroop, revealed why he and his team decided to return to Seedrs for another funding round:

We decided to return for the third time to Seedrs after the success achieved and the excellent experience we had in the first two campaigns. The funding model through equity crowdfunding allows us not only to reach a large number of investors quickly and easily, but also to promote our product to potential clients and partners.”

Since its launch, Agroop’s latest funding round has successfully secured nearly €140,000 from more than 70 investors. It is set to close later this summer.

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