LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Xpand Ventures Invests US$200k in Argentinean Agtech Startup Kilmo

May 8, 2018
Xpand Ventures invested US$200k in Argentinean startup Kilimo, a Big Data startup for crops irrigation management.

Xpand Ventures, Diario Clarín’s corporate accelerator,  invested US$200k in Argentinean startup Kilimo, a Big Data startup for crops irrigation management.

(Press Release)  ​Xpand Ventures​, Diario Clarín’s corporate accelerator co-invested 200,000 US dollars in ​Kilimo​, an Argentinean Big Data startup for crops irrigation management. Led by ​Jairo Trad​, ​Juan Carlos Abdala,​ and​ Rodrigo Tissera​, Kilimo plans to use the capital to increase sales in the United States, reach 10% of Argentina’s irrigated area and explore the Chilean market.

Xpand Ventures​ decided to invest in ​Kilimo​ due to its market potential and entrepreneurial team.​ Vanesa Kolodziej​, Xpand Ventures’ General Manager explains: ​”They showed profound market understanding and created real customer value, which reflects in its sales. At the same time, the entrepreneurial team overcame many challenges such as selling their product in other countries. We believe that Kilimo will achieve a high market value, generating improvements for the entire agricultural ecosystem.”

Kilimo ​uses Big Data (climate and satellite information) to provide clear crop-irrigation recommendations that helps producers optimize water usage. It’s a simple yet robust application that improves yields and reduces farmers’ direct costs. The app works for monitoring wheat, soybean, corn, lentils, chickpea and vegetables.

“With this investment, in addition to expanding our comercial reach, we will be able to continue improving and adding features to our product to help making irrigated land more profitable,”​ said Jairo Trad​, Kilimo’s CEO and cofounder.

Xpand Ventures​ co-invested in ​Kilimo​’s 850 thousand US dollars round with Alaya Capital Partners, ​Glocal Managers​ and a selected group of angel investors connected with the agricultural industry. Additionally, they received financial assistance from Córdoba’s ​Innovation and Entrepreneurship Agency​.
About Xpand Ventures
Xpand Ventures is Diario Clarín’s corporate accelerator focused on Agtech, Argentina’s main core competence. Its objective is to fund Argentinean-based companies to increase their value exponentially and transform them into global players.
With operations in Buenos Aires and Córdoba, Xpand Ventures’ goal is to identify great companies regardless of where they are based, expanding the funding opportunities for startups across the country and helping create dynamic ecosystems outside of Buenos Aires.

For more information, please contact Vanesa Kolodziej, Xpand Ventures’ General Manager: [email protected]

Xpand Ventures Invests US$200k in Argentinean Agtech Startup Kilmo was last modified: May 8th, 2018 by Editor
agtechbig dataKlimoXpand Ventures
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Check out this week's top #startup deals and news on emerging tech in #LatAm from LAVCA's #LatAmVentureBulletin:… https://t.co/NOvUvkCflB

    27-Jan-2023

    Reply Retweet Favorite
  • #VC investment in #LatAm in 2022 reached USD7.5b, according to preliminary LAVCA data. Stay tuned for LAVCA’s yea… https://t.co/kAqAuL8Iq5

    23-Jan-2023

    Reply Retweet Favorite
  • January 20 is the last chance to register for "ESG in Venture and Tech Investing," the latest training in the LAVCA… https://t.co/UrbfcPgM7l

    19-Jan-2023

    Reply Retweet Favorite
  • Submissions for the 2023 LAVCA ESG Deal Awards are closing on January 20, 2023. LAVCA's ninth annual showcase will… https://t.co/AIu4FVKxT6

    11-Jan-2023

    Reply Retweet Favorite
  • Thank you for your continued support and commitment to grow private capital investment in Latin America. We look fo… https://t.co/AHA1txwyJZ

    30-Dec-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top