Funding Round attributes
AgriCapital was founded in 2016 by Juan Sebastian Correa, to improve access to finance in the agricultural sector in Colombia. The startup specializes in providing financial solutions to small and medium-sized agricultural producers, facilitating access to credit and other tools that optimize production and increase profitability in a sector crucial for the country’s economy. In October 2024, AgriCapital closed a $7.4 million investment round consisting of a combination of equity and debt. The round was led by Alive Ventures. Bancolombia, Comfama, and other investors participated in the capital portion of the round. The investors who participated in the debt portion are BID Lab, AlphaMundi, Bancolombia, and others.
The funding obtained in this round will be mainly used to expand AgriCapital’s services, improve its digital platform, and increase its operational capacity to serve more producers. The startup plans to invest in developing new technologies that facilitate credit assessment and optimize the process of granting loans, allowing more agile and efficient access to financial solutions. It also seeks to strengthen its technical team and expand its network of partners in the agricultural sector.
"Our obsession is to remove the access barriers faced by small and medium-sized farmers in obtaining credit to grow and monetize their businesses. With this investment round, we guarantee resources to continue investing in the processes and technology that will allow us to provide credit products tailored to each type of crop efficiently and simply", said AgriCapital’s co-founder and CEO, Juan Sebastián Correa.
Investor participation is critical to AgriCapital, not only for the capital they provide but also for the expertise and support they offer. These investors have a significant interest in promoting sustainable development and financial inclusion in the agricultural sector, which is perfectly aligned with AgriCapital’s mission. The capital injection allows the startup to operate with greater flexibility and develop products that are more adapted to the needs of Colombian farmers, having a positive impact on their lives and the local economy.
There are several needs in the agricultural sector to optimize its production processes and continue feeding the economic chain of their regions and countries. Agricapital suggests that many of these challenges are related to access to inputs such as fertilizers, seeds, tools, and education that provide them with financial knowledge.
AgriCapital focuses on using technology tools to assess and manage financial risks in the agricultural sector. Using predictive data and analytics, the startup seeks to offer customized solutions to its customers, enabling them to make informed decisions and improve their productivity. The main objective of AgriCapital is to transform access to finance for farmers, contributing to the modernization of the sector and the development of more sustainable and profitable agricultural practices.
Agricapital is a pioneer in Colombia in helping rural entrepreneurs. Currently, 81% of the producers working with the company are small, 17% are self-employed and 26% are women.
Investor support not only provides the financial solvency needed for AgriCapital’s growth but also validates its business model and potential impact on the agricultural market. This investment allows AgriCapital to scale its operations, increasing its presence in the sector and helping more producers access the resources needed to improve their production.
