Previously, in November, Visa contributed $2 million to this funding round. Eduardo Novillo Astrada, CEO and co-founder of Agrotoken, acknowledged the completion of the funding round at the end of 2023, highlighting Bunge’s participation as a new investor.
The startup plans to use the funding to enhance its growth, innovate in product development, and extend its card issuance program internationally.
The funding round included contributions from various investors: Bunge, Visa, Borderless Capital, Xperiment Ventures, Beagle Capital, Barn Investimentos VC, MatterScale Ventures, BYX Ventures, Newtopia VC, OCTAVA, Capitallab VC, and Christophe Groh.
Agrotoken focuses on bridging agricultural commodities and digital assets. The recent funding indicates a significant milestone for Agrotoken, enabling the company to expand its services and influence in the agricultural and digital asset sectors. This investment marks a critical phase in Agrotoken’s business growth and product development strategy.
