Nairobi’s Gro Intelligence has managed to secure funding from TPG Growth, an alternative asset firm middle market and growth platform. The agri-tech company also announced Series A-2 financing led by TPG Growth, as well as Data Collective and unspecified strategic family offices.
Agri-tech is an agricultural analytics company that is helping investment professionals, major corporations, governments and international organizations around the world with insightful, reliable data for solutions in the face of growth in global investment in food and agribusiness.
The company, which is also has a New York branch, uses artificial intelligence and machine learning to provide current and future insights into the global food and agriculture industry.
By collecting and synthesizing hundreds of trillions of data points from disparate and often previously unavailable sources, Gro Intelligence provides users with unique, comprehensive, and real-time support for mission critical decision-making and operations.
Yemi Lalude, managing partner at TPG Africa, explained the natural connection between Gro Intelligence and the growth equity investment platform.
“TPG Growth has a track record around the world of identifying and building disruptive, market-leading companies,” said Lalude
“Gro Intelligence is transforming how data is used across the agricultural sector and is a natural partner for TPG Growth, given our experience with companies specializing in data, analytics and machine learning. This deal highlights the rich opportunities that exist to invest in early-stage technology companies that have a presence in Africa but can also operate successfully on a global level.”
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TPG Growth has also invested in big names such as Uber and Airbnb.
