As Poslovni Dnevnik writes on the 18th of November, 2020, AGRIVI, a Croatian agro-technological company that has developed a globally leading platform for agricultural production management, has been provided with additional financing, namely, HRK 30.2 million in Series A financing, whose holders are the South Central Ventures Investment Fund (SCV) and the European Investment Fund, and the Croatian Bank for Reconstruction and Development (HBOR).
In addition to the aforementioned, Fil Rouge Capital and AgriTech Hub also participated in this round of financing. The funds will help Croatia's AGRIVI expand its market reach to key more European markets and even to the United States.
The AGRIVI solution is one of the most complete platforms for managing agricultural production globally and helps farms and agri-food companies to achieve economically and environmentally sustainable agricultural production, which is of enormous importance in current times.
This new round of financing continues into an extremely successful period for AGRIVI, during which it recorded rapid growth in the number of clients, strengthened key managerial positions and gained greater market recognition and momentum, and all that at a time when the food and agricultural sectors are in increasing public focus. Key analytical reports position AGRIVI among key global leaders in farm management. Their user portfolio has grown significantly and today it includes very large brands such as Nestle, Driscoll’s, Kimberly-Clark and BNP Paribas. In addition, the consulting firm EY has recommended AGRIVI solutions as a quick-return project for all countries looking to increase the sustainability of their local production and reduce their impact on climate change.
"AGRIVI has made impressive progress since our first investment back in 2016. They've positioned themselves on the map of the world's leading agro-technological companies as one of the leading platforms for agricultural production management. I'm delighted that the European Investment Fund also recognised the opportunity and participated in our first direct joint venture. I'm convinced that the funds of this round of financing will enable AGRIVI to further accelerate its activities in several business areas and thus increase its contribution to the production of healthy food,'' stated Jure Mikuz, a partner in the South Central Ventures fund.
''The strong progress we've made and the outstanding clients we support have prepared us for the next phase of our growth. We're grateful to South Central Ventures, the European Investment Fund, the Croatian Bank for Reconstruction and Development, Fil Rouge Capital and AgriTech Hub for supporting our mission to digitise global agriculture. Recent events around the world have attracted additional attention to the food and agricultural sectors, so investor interest in AGRIVI is enormous, which is why we're considering expanding our circle and realising additional funding,'' added Matija Zulj, CEO and founder of AGRIVI.
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