Aegro’s core product is a farm-management app—nicknamed the “Excel do Campo”—that helps manage crops and finances across more than 4,700 farms, covering operations from 100 to 10,000 hectares. The company saw exponential growth in hectares under management and surpassed sales projections in 2020, benefiting from accelerated digitalization during the pandemic. With the new capital, Aegro plans to integrate financial services into its platform, including credit, insurance and digital accounts, initially offered via partnerships and commission-based origination. Management says the app provides a rich view of producers’ financial lives and production, which the company will use to expand access to competitive financial products for good producers. Aegro aims to enable R$1.5 billion in loans to rural producers by the 2025 harvest, intermediated through its management app. The raise will also be used to accelerate ecosystem and product initiatives, and to invest in branding and software development. Aegro develops an agricultural management system that handles administrative farm operations including handling, costing, pest control and day-to-day operations. The platform was conceived by four computer-science professionals from UFRGS. Launched in 2016, the startup operates in 24 states and serves 355 subscribers managing a combined 520,000 hectares. The company has been growing at rates above 22% per month. Born in Porto Alegre, Aegro also maintains a branch in Piracicaba where it develops and refines specific agricultural applications. It plans to use recent funding to improve software, expand content (videos, manuals, courses) and enhance distribution of its systems and product.

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2021