AGRENA Raises 46 Million Euros in Round B Financing for Sustainable Blockchain Technology

03/31/2023 16:12 • Crypto & Markets • 99 views

It is reported that AGRENA, an agricultural financial technology company based on blockchain technology, has announced the completion of a round B financing of 46 million euros, led by German multi-stage investment institution HV Capital, with the participation of influence fund AENU, Anthemis, an investment institution focused on the financial technology industry, Gullsp ä ng Re: food, and Danish export and investment funds. AGRENA uses sustainable blockchain technology to enhance the traceability and transparency of carbon credit lines, as well as using electronic money and smart contracts to facilitate the exchange of payments between climate conscious businesses and farmers, and supports real-time large-scale reconciliation.

AGRENA, an agricultural financial technology company based on blockchain technology, completed a round B financing of 46 million euros

Agrena, an agricultural financial technology company based on blockchain, has announced the completion of a round B financing of 46 million euros. Led by German multi-stage investment institution HV Capital, the fundraising was also supported by several notable investment institutions including AENU, Anthemis, Gullsp ä ng Re: food, and Danish export and investment funds.

Bringing Sustainable Blockchain to Agriculture

Agrena’s mission is to enhance the traceability and transparency of carbon credit lines through sustainable blockchain technology. Through the use of blockchain, Agrena provides a high level of assurance and transparency to markets, creating trust and encouraging investments in sustainable agriculture. The company provides electronic money and smart contracts to facilitate the exchange of payments between climate conscious businesses and farmers.

Benefits of Blockchain in Agriculture

The agriculture industry is typically rife with challenges such as inefficiencies and dishonesty in transactions. Blockchain technology is revolutionizing the sector by providing transparency, traceability, and accountability. By utilizing blockchain technology, Agrena holds farmers and businesses accountable, ensuring ethical, environmentally friendly, and sustainable practice.

How Agrena Works

Agrena provides an online marketplace to trade carbon credits, facilitating the sale of emission cuts to companies seeking to reduce their carbon footprint. Farmers registered on Agrena’s platform have access to carbon credits in exchange for making their farming practices sustainable and environmentally friendly. The credits are validated and certified by independent verifiers who ensure that farmers follow the sustainable farming guidelines as outlined on the platform. The system includes automatic payment processing and smart contracts, making Agrena’s platform one of the optimal solutions for managing traceability activities in the agricultural realm.

Real-time Large-scale Reconciliation

Agrena’s blockchain technology is practical for real-time large-scale reconciliation. The technology records every transaction on an immutable digital ledger that allows participants to quickly and easily access relevant information about products and transactions. Blockchain technology eliminates fake product claims, improves merchandise tracking, eliminates uncertainties and accelerates the smooth functioning of transactions.

Conclusion

Agrena’s blockchain technology solves significant challenges in the agriculture industry and presents a compelling solution for ethical, sustainable, and transparent farming practices. With the successful completion of the round B financing, the company is poised to scale its impact, positively impact global supply chains, and help tackle climate change problems.

FAQs:

#1. What is Agrena?

Agrena is an agricultural financial technology company that provides sustainable blockchain technology to enhance the traceability and transparency of carbon credit lines.

#2. Who participated in Agrena’s round B financing?

Agrena’s round B financing was led by HV Capital and supported by notable investment institutions such as AENU, Anthemis, Gullsp ä ng Re: food, and Danish export and investment funds.

#3. How does Agrena utilize blockchain technology?

Agrena utilizes blockchain technology to bring transparency, traceability, and accountability to the agriculture industry. This enables the company to hold farmers and businesses accountable, ensuring ethical, environmentally friendly, and sustainable practices.
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