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Terramagna company logo
SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software
terramagna.com.br

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Founded Year

2016

Stage

Seed VC - II | Alive

Total Raised

$2.36M

Last Raised

$2M | 1 yr ago

About Terramagna

Terramagna is developing a software infrastructure to process terabytes of satellite imagery every day, which will allow monitoring and better understanding of the dynamics of millions of acres of plantations.

Terramagna Headquarter Location

Av. Anchieta, 1078 Jardim Nova America

San Jose dos Campos,

Brazil

+55 (12) 3923-3355

Latest Terramagna News

TerraMagna raises $2M Seed round led by ONEVC

Dec 14, 2020

TerraMagna raises $2M Seed round led by ONEVC Shares LatamList – TerraMagna , an agritech, raised a $2M Seed round, led by ONEVC . Other investors in the round included MAYA Capital , Acción Venture Lab , and various angel investors. Independent Brazilian farmers fund 80% of their working capital each season purchasing equipment, yet they are often overlooked by banks. TerraMagna uses satellite imaging and data sources to underwrite six to 12-month loans for SMEs in Brazil, thus providing them with reliable long-term funding. “TerraMagna is leveraging a novel technology that is using satellite images that only became available recently for underwriting algorithms and collection strategy,” said Bruno Yoshimura, co-founder of ONEVC. “With this technology, TerraMagna can provide safe loans for agriculture, reduce cost of capital, and increase the agricultural loan market.” Bernardo Fabiani founded the startup in 2017 and has since raised $2.7M in funding. The new funding round will enable TerraMagna to expand its operations and products, specifically machinery and irrigation financing.

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Expert Collections containing Terramagna

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Terramagna is included in 1 Expert Collection, including Agriculture Technology (Agtech).

A

Agriculture Technology (Agtech)

1,713 items

Companies that are using technology to make farms more efficient.

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