Agrizy, a B2B agri-processing platform, has successfully raised $9.8 million (Rs 82 crore) in its Series A funding round. The round was co-led by Accion and Omnivore, with new investments from Capria Ventures and Thai Wah Ventures, while existing investor Ankur Capital increased its investment.
This latest infusion brings Agrizy’s total funding to $17.3 million, including a $5 million debt round. The company’s $2.5 million seed round was led by Ankur Capital with participation from Omnivore.
The newly acquired funds will be utilized to expand Agrizy’s services into new product areas and geographies, develop advisory services, and provide financial services for processing businesses and farmer-producer organizations.
Founded in 2020, Agrizy offers customized solutions tailored to the processed agrifood value chain. Its B2B platform enables agrifood processors to procure pre-processed and semi-processed agrifood products, offering end-to-end fulfilment services, including quality assurance, logistics, and payment solutions.
The Bengaluru-based company claims that its value-added processing services supply custom-processed agro-food products to large agrifood processors and brands, enhancing capacity utilization and profitability for SME processors. Additionally, Agrizy’s fintech services provide working capital to processors from formal lenders at competitive rates.
Agrizy faces competition from companies such as Copia, AgroFresh, and Hazel Technologies. However, with this significant funding round, Agrizy is well-positioned to strengthen its market presence and expand its innovative solutions within the agrifood processing industry.
