What is Agrellus?
Agrellus operates as a leading unaffiliated online and mobile e-commerce marketplace connecting buyers and sellers of agricultural inputs and services. Founded in 2015 and launching its online platform in 2017, the company provides growers with increased product selection and reduced production costs, while offering dealers a channel-friendly method to lower operating expenses and boost sales. The platform facilitates direct purchases of crop-specific agricultural inputs, including seed, fertilizer, chemicals, and more, from Agrellus dealer members. Growers benefit from detailed product information and GPS-enabled delivery, with an average reported saving of 15% to 20% on inputs. Dealers gain access to new, qualified customers and expanded market reach. The company is headquartered in Lubbock, Texas, and is privately held.
How much funding has Agrellus raised?
Agrellus has raised a total of $3.7M across 2 funding rounds:
Unspecified
$3.6M
Debt
$91K
Unspecified (2020): $3.6M, investors not publicly disclosed
Debt (2021): $91K led by PPP
What's next for Agrellus?
The recent substantial expansion capital infusion positions Agrellus for significant growth and further development of its e-commerce platform. This strategic financing is expected to fuel enhancements in its service offerings, potentially expanding its dealer network and grower base across the United States. Agrellus's focus on leveraging technology to streamline agricultural procurement and sales indicates a strong trajectory within the agtech industry, aiming to further solidify its market position and drive operational efficiencies for its users.
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