Deep tech start-up AgNext raises $21 M Series A financing
AgNext will use the funds for scaling its full-stack platform for AI-enabled trade to solve for trust and transparency in global food value chains
Image Credit: Shutterstock
Deep-tech agritech start-up AgNext Technologies has raised a total of $21 million in Series A funding. The round was led by Alpha Wave Incubation (AWI) fund, which is backed by DisruptAD and managed by Falcon Edge. Existing investors Omnivore and Kalaari Capital also participated in the Series A round.
With this new capital infusion, AgNext will now enter newer commodities, strengthen its pan-India presence and expand to international markets such as the Middle East, Europe, and South Asia. The funds will also be used for the development of its tech platform Qualix, to enable quality-driven trade transactions across the food value chains. Additionally, the company will also establish a new office in Abu Dhabi for deeper penetration into the targeted markets by diversifying its commodities portfolio and accelerating innovation to make food trade better, fairer, and more secure in the new geographies.