Nagro Announces Series B Financing Led by Rabo Partnerships
Uberlândia (Brazil), January 2026 - Nagro, a Brazilian company with a mission to reinvent agricultural credit for small and medium-sized rural producers by using technology to simplify and accelerate the loan process, announced today that it has raised Series B1 financing of EUR 7 million in the context of a Series B expected total round of EUR 10 million. Rabo Partnerships led this funding round. Itaú Ventures, an existing investor that led the Series A financing, also participated in this round.
Rabo Partnerships found strong synergies in Nagro’s tech-led platforms offering risk mitigation across the agricultural value chain through data analytics as well as direct financing to underserved SMFs in Brazil. The new investment will support Nagro’s mission and expand its credit analytics offering to lenders across the value chain as well as help scale its lending portfolio to small and medium-sized rural producers in Brazil.
Gustavo Alves, Co-Founder and CEO of Nagro, said:
“With this investment, Nagro and AgRisk move forward in our vision to become the leading credit decision hub across the entire journey; from risk analysis to credit origination and ongoing portfolio monitoring. The partnership with Rabo Partnerships and Itaú strengthens our ability to scale data-driven, well-governed credit solutions, bringing more predictability and efficiency to agricultural credit in Brazil, for both small farmers and all agribusiness suppliers.”
David Gerbrands, CEO a.i. of Rabo Partnerships, said:
"At Rabo Partnerships, we seek partners who are capable and committed to strengthening food systems and financial inclusion across global emerging markets. Our equity investment in Nagro reflects our belief that tech-enabled credit and risk analytics, combined with tailored financing solutions, can improve credit flows across the agricultural value chain - thereby contributing to our mission. We are excited to support Nagro’s growth and look forward to a long-term partnership with the company."
Background info about Nagro
Founded in 2017, Nagro is a tech-enabled NBFI scale up serving SMFs in Brazil. Nagro’s head office is based in the Brazilian state of Minas Gerais.
Nagro has a dual business model, combining a leading B2B credit and risk analytics platform (AgRisk), that analyzes farmers’ risk profiles and serves leading value chain players in Brazil (input retailers, re-sellers, traders, farmer cooperatives, etc.) and offers as well direct B2C lending for SMFs (NagroApp), through a range of products, including credit lines with direct farmer origination for both working capital and investments. Since its inception, NagroApp has processed over 200K farmer loan applications and currently serves 7K farmers.