Agros, a Singapore-based agri-tech startup, has closed a $4.25 million Series A funding round to accelerate its expansion and innovation.
Co-led by long-time investors Gaia Impact, Schneider Electric Energy Access Asia, and Wavemaker Impact, the round also welcomed new investors like the Global Innovation Fund (GIF) – an impact-first investor backing social innovations in emerging markets, Agros said in a statement on Tuesday.
Silverstrand Capital and angel investor Steve Melhuish (PropertyGuru Founder) also reaffirmed their support by joining the round.
Agros expects to raise additional debt financing in the coming months.
This investment, which follows Agros’s pre-Series A round of $2.7 million raised less than two years ago, underscores the company’s rapid growth and commitment to transforming agriculture in Southeast Asia.
The firm will use the funds to drive the company’s nationwide expansion in Indonesia, accelerate product innovation, and further develop its in-house digital infrastructure.
Having entered Indonesia in 2024, the company is expanding quickly in the country, as a response to the country’s push for increased rice production and reduced dependency on rainwater.
Looking ahead, Agros plans to raise additional debt financing during the first half of 2025 and is considering a Series A extension in the near future once key milestones are met.
“This Series A funding marks a major milestone for Agros as we scale our impact across Southeast Asia,
“With the continued trust of our existing investors and the support of new partners like the Global Innovation Fund, we are accelerating our mission to empower smallholder farmers with sustainable, tech-driven solutions,” said Max Nelen, Chief Executive Officer and Founder of Agros.
Founded in 2019, Agros is an agri-tech firm in sustainable farming solutions for the agricultural sector across Asia.
By combining innovative solar irrigation technology with flexible financing, the firm provides a suite of integrated solutions to enable farmers to double their profit and become climate-resilient for generations to come.
Agros has now expanded its operations to Indonesia, Cambodia, and Myanmar, providing solar-powered irrigation solutions that fully remove fuel expenses while avoiding carbon dioxide (CO₂) emissions.
To date, the firm has supported more than 6,000 smallholder farmers, and improved the lives of more than 30,000 members of the farming community.
By 2027, the company aims to partner with 30,000 farmers to increase their collective income by $40 million, and prevent 1 million tonnes of CO₂ emissions through the deployment of its solutions.
“GIF finds and funds innovations that help the world’s poorest people adapt to extreme weather and build resilience to climate shocks,” said Francesco Valente, Investment Director at the Global Innovation Fund.
“Agros offers innovative products and services and makes them accessible to poor smallholder farmers, maximizing productivity while minimizing environmental impact,
“Our risk capital investment will support Agros on its pathway to scale, helping the business crowd in additional funding,” he added.