How Much Did AgNext Raise? Funding & Key Investors

AgNext has successfully raised funding over 7 rounds, with the latest being a Series A round. The company is backed by 8 investors, including The Hashgraph Group and Novo Holdings.

Keep reading to explore the intricacies of AgNext's fundraising journey and the investors backing this innovative platform.

What Is AgNext?

AgNext operates at the intersection of hardware, software, and analytics to provide quality estimation solutions in agriculture and food. The company is based in Mohali, Punjab, India, and employs between 101 and 250 people.

Founded in an unspecified year, AgNext is involved in various industries, including AgTech, Artificial Intelligence, Food and Beverage, Machine Learning, Predictive Analytics, and Software. The company is currently in the process of rebuilding its website, indicating ongoing development or rebranding efforts.

How Much Funding Has AgNext Raised?

1. Series A
   • Amount Raised: USD 2,000,000
   • Date: January 2019
   • Lead Investors: Kalaari Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand operations and enhance technological capabilities.
2. Series A
   • Amount Raised: USD 21,000,000
   • Date: August 2021
   • Lead Investors: Alpha Wave Incubation
   • Valuation at Round: USD 50-54 million
   • Motivation Behind the Round: To enter new commodities, expand internationally, and develop the Qualix platform.
3. Series Unknown
   • Amount Raised: USD 7,959,717
   • Date: June 2024
   • Lead Investors: Novo Holdings
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further technological advancements and expand market reach.
4. Series A
   • Amount Raised: Not publicly disclosed
   • Date: April 2025
   • Lead Investors: The Hashgraph Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product offerings.
5. Grant
   • Amount Raised: Not publicly disclosed
   • Date: December 2022
   • Lead Investors: The Hashgraph Association
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support research and development initiatives.
6. Seed
   • Amount Raised: USD 2,100,000
   • Date: April 2018
   • Lead Investors: Kalaari Capital, Omnivore
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart operations and develop initial technology.
7. Debt Financing
   • Amount Raised: USD 38,462
   • Date: March 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To cover operational expenses and initial setup costs.

AgNext has raised a total of USD 33,098,179. The current valuation is USD 50-54 million.

Key Investors

• The Hashgraph Group
  • Details: The Hashgraph Group is a leading investor in AgNext, participating in multiple Series A funding rounds. They are known for their focus on innovative technology solutions.
  • Investment Focus Areas: Technology, innovation, blockchain.
  • Notable Investments: Multiple Series A investments in AgNext.
• Novo Holdings
  • Details: Novo Holdings is a global investment company with a focus on life sciences and healthcare. They are one of the most recent investors in AgNext.
  • Investment Focus Areas: Life sciences, healthcare, technology.
  • Notable Investments: Known for investments in life sciences and healthcare companies.
• The Hashgraph Association
  • Details: The Hashgraph Association focuses on promoting the adoption of blockchain and distributed ledger technologies. They have supported AgNext through grant funding.
  • Investment Focus Areas: Blockchain, distributed ledger technologies.
  • Notable Investments: Investments in blockchain and distributed ledger technology companies.
• Alpha Wave Incubation
  • Details: Alpha Wave Incubation (AWI) is a fund managed by Falcon Edge and backed by DisruptAD. They led a $21 million Series A funding round for AgNext.
  • Investment Focus Areas: Early-stage technology companies, deep-tech solutions.
  • Notable Investments: This is their first investment in India's agritech sector, specifically in AgNext.
• Kalaari Capital
  • Details: Kalaari Capital is a venture capital firm that invests in early-stage technology startups in India. They have participated in multiple funding rounds for AgNext.
  • Investment Focus Areas: Early-stage technology startups, agritech, deep-tech.
  • Notable Investments: Dream11, Cure.fit, Myntra.

What's Next for AgNext?

AgNext is poised to capitalize on significant opportunities in the global agricultural market. With plans to expand into new commodities and international markets such as the Middle East, Europe, and South Asia, the company aims to address the $90 billion loss in global agriculture trade due to inadequate quality assessment solutions. Establishing a new office in Abu Dhabi will further solidify its international presence.

Future fundraising opportunities appear promising as AgNext continues to grow and innovate. The successful Series A round and ambitious expansion plans suggest that additional funding rounds or strategic partnerships could be on the horizon to support these initiatives. The company's participation in high-profile programs like Google's startup accelerator may also attract further investor interest.

However, AgNext will face challenges such as navigating the complexities of international markets, maintaining technological innovation, and competing with other agritech startups. Ensuring the accuracy and reliability of their AI-based quality assessment solutions will be crucial as they scale operations globally.

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