Gro Intelligence has raised $85 million in Series B funding to accelerate growth and global adoption of its Gro Platform, an AI-powered insights platform for decision-making tools, solutions and analytics to the food, agriculture, and climate economies and their participants.
The round was co-led by Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric Zinterhofer. They were joined by previous investors DCVC and GGV Capital. Participating new investors include Schusterman Family Investments, Dick Parsons, Rethink Food and various strategic family offices.
“Food security and climate risk represent existential global-sized opportunities for our AI-powered decisions and insights platform. We see a tremendous need for the market knowledge provided by the Gro Platform,” said Sara Menker, Gro’s Founder and CEO. “We are absolutely delighted to welcome our new investors and continue to be grateful to our existing investors for their support.”
The firm in 2017 raised 17.4 million in a Series A round from TPG Growth as well as Data Collective and unspecified strategic family offices.
The Agri-tech firm helps 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.