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By Agroempresario.com
Despite a global capital slowdown, Brazil remains Latin America’s top destination for agrifoodtech investment, showing signs of resilience and potential for future growth. With $76.8 million raised in Q1 2025, Brazil’s agrifoodtech sector recorded a sharp rebound, up 32% from the previous quarter and 85% from the same period last year.
According to data from AgFunder, Brazil was responsible for 55% of agrifoodtech funding in Latin America and the Caribbean in 2024 and held a 3.1% global share in early 2025—up from just 1.5% the previous year. The standout deal was a $60 million Series D round raised by Solinftec, an agricultural robotics firm specializing in real-time monitoring and operational optimization. The investment highlights continued interest in upstream innovations within the sector.
In 2024, Brazilian agrifoodtech startups raised $249 million, a 24% drop from 2023. The number of deals also fell 43% to 44, reflecting the impact of global capital scarcity in the post-COVID era. However, when compared to pre-pandemic figures—excluding a $500 million outlier investment in iFood in 2018—Brazil’s agrifoodtech industry still shows remarkable strength and upward trajectory.
Globally, the agrifoodtech sector contracted by only 3% in 2024, with a 21% decline in deal count, indicating Brazil’s dip was steeper but not structurally damaging. Analysts are cautiously optimistic about the recovery trend seen in early 2025.
In 2024, upstream categories led Brazil’s investment activity. Ag Marketplaces & Fintech was the top-funded segment with $84.3 million—driven by significant rounds from Agrolend ($52.7 million) and Traive ($20 million). Ag Biotechnology followed with $58.4 million across four deals, despite a 9% drop in funding.
Downstream, In-store Retail & Restaurant Tech saw a 129% YoY increase to $55.3 million, while E-Grocery, the top performer in 2023, plummeted by 84% to just $16.7 million.
In terms of stage, seed funding fell 44% to $22.3 million with a sharp 53% drop in deal count. Series A activity was healthier, growing 23% to $89.5 million, with larger deal sizes. Series B deals re-emerged, bringing in nearly $80 million across four rounds. Late-stage investments remained weak, with no debt financing recorded in 2024.
Solinftec: $60M (Series D, Feb 2025)
Cayena: $55M (Series B, Jul 2024)
Agrolend: $52.7M (Series C, Oct 2024)
Agrion Agrisolutions: $46.2M (Series A, Aug 2024)
Traive: $20M (Series B, Feb 2024)
Despite short-term pressures, Brazil’s agrifoodtech ecosystem has proven its resilience and strategic value. With robust upstream innovation and a gradually recovering investment climate, Brazil is set to maintain its leadership in the region and remain a crucial player in the global agrifoodtech scene.
