Industry News
SoftBank Leads ~USD40m Series A for Brazilian Agtech TerraMagna (em português)
13 January 2022
SoftBank led a ~USD40m Series A for TerraMagna, a Brazilian agtech platform providing working capital for farmers, with participation from Shift Capital and Brazilian credit investor Milenio Capital, and follow on from Canary, The Yield Lab, MAYA Capital, ONEVC and Accion Venture Lab. ONEVC led a USD2.7m round in December 2020; The Yield Lab invested ~USD400k in 2019 in its first known investment in a Brazilian startup.
(Exame) – A agricultura, um dos setores mais relevantes da economia brasileira, tem ficado à margem da onda de investimentos de venture capital em empresas promissoras. Mas isso começa a mudar. A agritech TerraMagna anunciou ao mercado na manhã desta quarta-feira, dia 12, que recebeu um aporte de 40 milhões de dólares (cerca de 220 milhões de reais) em rodada Series A liderada pelo SoftBank, com participação da Shift Capital e da Milenio Capital.
Read more at Exame.
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