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¿What is Agrotech? Do you remember when the world depended on tedious manual labor for all agricultural processes? Food production was limited and, with a growing world population, we thought there would be shortages.

Agrotech Meaning

Today, in the boom of the technological revolution, producers have been shifting to a much more mechanized system of operations and almost all the limitations of the past have been effectively eliminated.

Agrotech is now the foundation of modern farming practices allowing the agricultural sector to also evolve to take advantage of the efficiencies that are beginning to manifest themselves.

What is an Agrotech Startup?

The agrotech startups, quite attune with the Foodtech, aims to improve the productive processes through technology. Manual labor before posed less production and lack of improvement in the processes that now have been solved with the new Agtech startups.

It is one of the most important industries, especially in Latin America given the vast agricultural production capacity of all the countries in the continent and the multiple needs that technology can address. 

These initiatives are currently concentrated in two main aspects, first the funding for the farmer to get closer to technology and second the connectivity, the use of technology in productive processes.

How does agrotech impact farming 

With technology thought 100% in agro, enhances and automates processes providing growth to the whole supply chain. 

Additionally, farmers’ approach to funding places them in a more important stage where accelerated growth takes place in all stages including those lagging behind like farming. 

Venture Capital investment in agrotech industries

As it was to be expected, the Agrotech investment has increased as the applied technology for the industry has improved, even though until a few years ago investment fluctuated, the growth in the number of deals closed kept rising.

Up to 2020 in spite of the fact that it seems like few deals were closed, it is worthwhile to highlight that the total investment was 100 million USD only for this industry and only for Latin America. 

These numbers most likely continued growing, Newtopia supports this type of initiatives and we invite entrepreneurs to join the #NewtopiaTeam as Agrotoken that is dedicated to the tokenization of agro commodities.

Agrotech Cases in Latin America

AGROTOKEN: ARG

Agrotoken is the first tokenization platform and the door for the Agro Businesses to the crypto economy. Our goal is to generate a new financial asset through the creation of stablecoins backed by real assets: Grains and Food Products

They create a secure and frictionless ecosystem to make trading grains easier, more efficient and more reliable.

Founders:

  • Eduardo Novillo Astrada
  • Ariel Scaliter
  • Gabriela Roberto Baró