Agrizy raises $9.8M funding led by Accion and Omnivore

B2B agri-processing platform Agrizy has raised $9.8 million in Series A funding round co-led by digital lending non-profit Accion and agri-investor Omnivore. The round also saw participation from Capria Ventures, Thai Wah Ventures, and existing investor Ankur Capital.

With the new funding, Agrizy aims to expand into new product areas and geographies; launch contract development and manufacturing organization (CDMO) and value-added advisory services; and offer financial services to MSME processors and farmer-producer organizations, the company said in a statement.

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“Agrizy is seeking to reshape traditional agri-processing by providing a robust marketplace and support to improve production. The company aims to also address the lack of quality financing for small processors and the Farmer Producer Organizations that supply them, helping to increase incomes in rural communities," said John Fischer, Chief Investment Officer at Accion, in a statement.

"Through our partnership with Agrizy, we will leverage Accion’s global expertise to help the company grow, connecting many processors and smallholder farmers to responsible financial services and formal markets for the first time,” the statement added.

Founded in 2021, Agrizy is an agritech company started by Vicky Dodani and Saket Chirania. The Bengaluru-based firm focuses on integrating technology into the agricultural sector, specifically targeting the processed agri-food supply chain.

It aims to enhance the efficiency and sustainability of food processing and distribution by connecting various stakeholders, including suppliers, processors, and buyers of agricultural products.

Last year, in May, Agrizy had secured $5 million debt funding from Vivriti Capital, YES bank, SBI, and others, a year after raising $4 million in a funding round led by Ankur Capital.