Essent Agro operates a platform that helps rural producers better manage their documents and taxes. The Rio de Janeiro–based fintech sold shares on the CapTable platform, raising R$700,000 (US$140,000) in seven hours—a record on CapTable. The raise attracted 258 investors, with minimum investments starting at R$800. Management plans to use 34% of the proceeds for sales and marketing, 32% to expand the sales team, 30% for technology and product development, and 4% to buy equipment to enhance platform performance. CEO Giandrei Basso said the company intends to increase its customer base over the next two years, making the sales-team expansion and service quality priorities. The company’s immediate focus is execution of those investments to drive growth.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2021