The Kenya-based data analytics company Gro Intelligence has secured a US$85 million Series B funding, the largest ever-growing funding round of African technology start-ups. The funds will be used to accelerate the development and global acceptance of its platform by enhancing the machine learning capabilities of the platform and providing insights into food, agriculture and climate risk.
Gro Intelligence is an analytical startup that deploys artificial intelligence systems for food security, agriculture and climate solutions.
“Food security and climate risk are the existential global opportunities for our AI-powered decision-making and insight platform. We see a tremendous need for the market knowledge provided by the Gro Platform,” said Sara Menker, Founder and Chief Executive Officer of Gro (CEO).
The funding was co-led by Intel Capital, Africa Internet Ventures and Ronald Lauder and Eric Zinterhofer’s family offices.
Previous investors DCVC and GGV Capital joined them. New investors included Schusterman Family Investments, Dick Parsons, Rethink Food and various strategic family offices.