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Agrando closes Series-A financing round with €12 million investment

By Agrando Press – Published: 07-06-2021
"We want to actively shape the transformation of agriculture and Agrando has exactly the right solutions for the future of agriculture."
– Saskia Becker, Board Member yabeo Impact AG

Munich, 06 July 2021: Munich-based AgTech start-up Agrando has successfully completed its Series A financing round with an investment of 12 million Euros. The start-up raises the highest amount ever in a Series A round in agribusiness across Europe. yabeo Impact AG, the impact fund of the early-stage investor yabeo from Munich, leads this round. Sony Innovation Fund and Investbridge are also new on board. Existing investors such as the technology VC June Fund and the London family office JLR Star are also investing again. The fresh capital enables Agrando, which is on its way to becoming the European market leader, to invest in internationalisation and scaling as well as research and development. 


Agrando, founded in Munich in 2017 by the team around Jonathan Bernwieser, is an independent platform that connects all players in the agricultural trade regionally and nationwide. Agrando supports farmers, agricultural retailers and producers with the help of technically optimised trading processes, data-based analyses and trade-specific, personal advice in everyday business. Agrando gives farms access to extensive market knowledge and the largest online catalogue for agricultural inputs in German-speaking countries. 


CEO and founder of Agrando, Jonathan Bernwieser, says: "For a sustainable value chain we need strong agricultural businesses in Europe." As a farmer's son and business information scientist, he knows both the agricultural needs and the opportunities through process optimisation: "Only if farms have access to the market information relevant to them at all times can they make good business decisions and position their farms for the future despite increasing complexity." 


Agrando networks all market participants along the value chain: Farms can buy inputs such as seeds and crop protection products – precisely tailored to their business and region. Retailers and producers of inputs, use Agrando, for example, as an additional sales channel or to enter the online trade. The entire agricultural trade is currently facing digital transformation: 10.5 million farms in Europe supply 510 million consumers (2016, EU-28, Eurostat). Studies assume that online agricultural trade will be worth up to ten billion Euros by 2025.


Saskia Becker, Board Member of yabeo Impact AG, confirms: "We want to actively shape the transformation of agriculture and Agrando has exactly the right solutions for the future of agriculture. The company plans to digitise European agricultural trade and make small-structured farms in particular more efficient. In addition to the content component, we were convinced by the traction already achieved and the passion with which Jonathan Bernwieser and his team are building up and managing the company."



Saskia Becker, Board Member yabeo Impact AG, Image: yabeo Impact AG

With its business model, Agrando meets a market need and has been growing dynamically for years: Around 1,000 new farmers register on the platform every month (total number of registered farmers: almost 20,000). The Agrando team has tripled in terms of staff since it was founded. In 2020, the expansion to Austria was completed and in spring 2021, the company launched in France. 


Gen Tsuchikawa, Chief Investment Manager for Sony Innovation Fund: “We, at Sony Innovation Fund, believe in the benefits of digitizing the farm. Agrando enables farmers to analyze and understand what they need in order to make the best decisions and connects them with trusted suppliers, forming a network which will allow the participants to more swiftly adjust to the changing environment and overcome various challenges they may face. We believe the benefits to the participants will continue to evolve as more data is gathered and various measures are taken based on the data to benefit the farming process.”


Gen Tsuchikawa, Chief Investment Manager Sony Innovation Fund; Image: Sony Innovation Fund

AgTech investment with impact factor

Following a seven-figure seed funding in early 2020, Agrando gains a new lead investor, yabeo Impact AG, who invests specifically in innovative, technology-driven start-ups that create both a financial return and a social or environmental impact. 


Agriculture has a major impact on nature and its resources. Agrando supports farmers in meeting the high demands that come with this responsibility by giving them scope for future-proof investments. 


"Climate change, scarcity of resources, globalisation as well as the pressure for sustainability and reduction of CO2 emissions pose new challenges for agriculture," says Saskia Becker, yabeo Impact AG. "The digital transformation of agriculture has already begun and innovative companies worldwide are flocking to the AgTech and FoodTech segment to help shape the agriculture of the future."


About yabeo Impact

yabeo is a venture investment and advisory firm that invests in and sustainably develops early-stage technology companies. yabeo currently manages assets under management of more than €200 million across all investment platforms. yabeo Impact focuses on sustainable investments and is aligned with the United Nations Sustainable Development Goals (SDGs) with a focus on CleanTech, AgricultureTech, Sustainable Finance, Inclusion and EducationTech. The aim is to invest in early-stage technology-driven companies, creating both a financial return and a social/environmental impact.  


About Sony Innovation Fund

Established in July 2016 by Sony Corporation, Sony Innovation Fund engages with pioneering startups to help fuel the development of disruptive technologies and launch new businesses. In addition to investment, Sony Innovation Fund closely collaborates with the startups in which it invests, connecting them with businesses throughout Sony and its worldwide network of partners, providing guidance and advice, and collaborating with them to help achieve common success. Learn more at: www.sonyinnovationfund.com.


About Agrando

Agrando connects decision-makers in agriculture with all the partners and solutions they need to manage their farms in their region for the future. The AgTech start-up from Munich was founded in 2017, expanded to Austria in 2020 and is opening up the French market in 2021.




Agrando Press
Agrando Press Contact information: Kristina Lutilsky, Public Relations, presse@agrando.com
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