AGvisorPRO, a private social network that connects farmers with experts to help them achieve sustainability and profitability, has secured $1 million from PERIGRO, an agricultural family office, as the lead investor in their upcoming $3 million late seed funding round. This investment follows a year of impressive growth for AGvisorPRO, which experienced 23% month-over-month active user growth, established four revenue streams, partnered with Fortune 500 companies, and launched a versatile community feature.
The new funding will be used to continue driving user growth, scale revenue to prepare for a Series A round, and advance product development in areas such as marketplace revenue workflow, B2B and B2C communities, and marketing and lead generation for B2B. AGvisorPRO also plans to expand its geographic reach. The platform aims to fulfill the promise of enough food production for nine billion people by connecting those in underserved industries with the top minds in their fields.
“Farmers need assurance that advanced technologies or techniques will boost profits while preserving land for future generations before they adopt them,” says Peter Lacey, partner at PERIGRO and founder of Cervus Equipment.
With PERIGRO’s investment, AGvisorPRO can continue to drive the adoption of sustainable agriculture practices worldwide. The private social network’s tech-enabled ecosystem provides agricultural expertise and global scale to underserved industries, making it easier for farmers to implement ESG (environmental, social, and governance) practices. AGvisorPRO’s success shows that there is a growing need for such platforms, and its continued growth will have a significant impact on the future of agriculture.
“New technology can provide much-needed solutions for the agricultural industry, yet legacy systems and laggard decision-making hold it back,” added Robert Saik, founder of AGvisorPRO. “AGvisorPRO enables farmers to innovate with cutting-edge technology while meeting their ever-changing needs – providing them with confidence in their decision-making. That is why we are so excited to lead this round.”