AgriG8

In our fundraising journey, we've engaged with many investors. Providing inclusive financing for smallholder farmers in the rice sector is a niche within a niche, so we’re grateful when investors recognise the immense potential of the space we work in, and demonstrate their belief in our mission through tangible support. We're thrilled to welcome Better Bite Ventures to the AgriG8 family. Alongside the continued support from The Trendlines Group and an angel investor, this investment fuels our regional pilots for an inclusive financing solution - one that not only uplifts the livelihoods of rice farmers but also incentivises the adoption of sustainable agricultural practices. We’re affirmed by the vote of confidence and remain unwavering in our commitment to drive sustainable change. Join us on our transformative journey to reshape sustainable rice cultivation across Southeast Asia 🌾 Find out more about how we’re working towards that at https://lnkd.in/gckm6WEj

AgriG8's digital platform allows access to finance and incentivises methane-reducing farming practices, while the gamified smartphone app CropPal helps them report emissions-reducing practices they have implemented. Additionally, AgriG8 uses satellite images combined with machine learning to validate water management practices associated with methane reduction. Its water management system, called alternate wetting and drying (AWD), combined with other solutions can lead to a 55 per cent reduction in greenhouse gas (GHG) emissions. David C.Y. Chen Better Bite Ventures Michal Klar https://loom.ly/9XsjCcI #e27News

🌾💰 AGRIG8 RECEIVED FINANCING TO HELP RICE FARMERS IN ASIA REDUCE METHANE EMISSIONS VC firms Better Bite Ventures and The Trendlines Group have invested an undisclosed sum in AgriG8, a startup that supports Asian rice farmers in decarbonising their production methods. “Decarbonising rice production is one of the focus areas for Better Bite’s investments,” said Michal Klar, founding partner at Better Bite Ventures. “Rice is one of the top sources of food and agricultural emissions in Asia-Pacific. We believe AgriG8 will help to accelerate deployment of methane-reducing farming practices, using their unique set of tech and finance tools.” Founded in 2021 by David C.Y. Chen and Joshua Tan, AgriG8 works with “local farmer aggregators such as cooperatives and NGOs” to help farmers reduce emissions. It has built a gamified digital platform, CropPal, to receive data from producers, as well as finance and incentive methane-cutting agricultural practices. Gamifying the design offers a “fun and easy onboarding experience”, Chen explained. “Farmers could report their seeding approach, water management and nutrient management via CropPal,” said Chen. “By submitting quality data, farmers unlock real-world rewards like loan rebates. For instance, optimising water usage and verifying it through CropPal can directly translate into financial savings.” Some estimates suggest rice’s greenhouse gas emissions are nearly on par with the global aviation industry (around 2% of the global total). It also accounts for 10% of anthropogenic methane emissions, which is a shorter-lived, yet much more potent gas. So, reducing the climate footprint of rice is essential for governments and food companies in Asia to meet their net-zero targets. It’s because more than 90% of the world’s rice, meanwhile, is grown in Asia, but increasing temperatures could shrink yields of the crop by 40% by the end of the century. Other startups innovating with future-friendly rice include Indian-American firm MittiLabs and France’s Carbonfarm, both of which use AI and satellite tech for carbon credits, though the efficacy of the voluntary carbon market has been called into question multiple times. Singapore-based Rize, meanwhile, buys seeds, fertilisers, and other inputs in bulk and sells them to farmers who implement AWD. #GreenQueen #agriculture #agritech #farming #sustainability #climatechange #climateaction #emissions

🌾💰 Asia gets funding support to decarbonize rice production. Agri-fintech platform AgriG8 secured funding from Better Bite Ventures and The Trendlines Group to aid rice farmers in Asia in reducing methane emissions by up to 55%. Governments and food companies in Asia aim to meet their net-zero targets by decarbonizing rice production, which is especially crucial as climate change threatens to drastically reduce rice yields by the century's end. AgriG8, founded by David C.Y. Chen and Joshua Tan in 2021, collaborates with local farmer aggregators to reduce emissions through its gamified digital platform, CropPal. The features of this platform include: 👨🌾 Enables farmers to report on their agricultural practices 💰 Gives incentives to farmers who adopt methane-reducing methods 👩🌾 Ensures easy onboarding and engagement 💵 Allows farmers to gain financial rewards like loan rebates By making environmentally friendly farming economically viable, farmers are encouraged to adopt sustainable practices and improve their livelihoods. Other companies innovating with future-friendly rice include: 👉 MittiLabs 👉 Carbonfarm 👉 Rize Learn more in the full Green Queen Media article: https://lnkd.in/gckm6WEj #ForwardFooding #agtech #agriculture #farming #sustainability #foodsystems #innovation

At AgriG8, we always value getting to go to the ground and hearing from the farmers themselves, to continually refine our farmers-first approach. A few weeks ago, with Agriterra Vietnam, we embarked on a thought-provoking visit to Tra Vinh, Vietnam, where we engaged the local rice farming communities, and left with fresh perspectives and insights. This is just the beginning - we’re thrilled to join forces with Agriterra Vietnam (and some other partners 😉) as we gear up to launch an exciting pilot to better empower smallholder rice farmers in Vietnam. #SmallholderFarmers #Rice #AgriTech #AgTech #ClimateTech #SustainableAgriculture #FinancialInclusion

🎉 We are thrilled to share that AgriG8 was one of the two global finalists (out of 196 applicants) selected for The Philippines track in The Global Innovation Lab for Climate Finance's 2024 call for ideas! It was an honour to have been recognised for our innovative approach towards addressing the threat of climate breakdown to the agricultural sector. Although our solution, the Rice Resilience Bond, didn't make it to the final cohort, we are immensely proud of the journey we've embarked upon. Being part of The Lab's rigorous selection process has been an invaluable experience. Not only did we get an opportunity to showcase our vision and commitment to leveraging finance for sustainable agriculture, but the feedback received from all the esteemed panel members went a long way in pushing us to sharpen our solution as well. We extend our heartfelt congratulations to the selected finalists for The Lab's 10th cohort, and are looking forward to how your innovative ideas will pave the way for transformative climate finance. As we continue our journey, we remain steadfast in our mission to empower farmers, protect our planet, and build a more resilient future for all. Thank you to The Global Innovation Lab for Climate Finance for the opportunity, and to their incredible team for the support along the way. Together, let's cultivate a greener tomorrow! 🌾 https://lnkd.in/eGUet6JB #AgriG8 #ClimateFinance #SustainableAgriculture #Innovation

10 AgriFoodTech Leaders Heading to the HackSummit 🥁 We're giving the spotlight to an international line-up of visionaries scaling sustainable food production in the face of climate change. They're ready to share their expertise on rice decarbonisation, opportunities in APAC, alternative fats, sustainable protein and infrastructure to power the bioeconomy. Let's meet the talent: 🍳 Ed Steele @ Hoxton Farms 🧬Jonathan Ho @ Allium Bio 🌾 David C.Y. Chen @ AgriG8 🔬 David Brandes @ planetary 🧫 Mihir Pershad @ Umami Bioworks 🥛 Bharath Bakaraju @ PHYX44 LABS 🍗 James Petrie @ Nourish Ingredients 💡 Daniel Skavén Ruben @ FoodTech Weekly 🍔 Hadar Ekhoiz Razmovich @ Meala Foodtech 💸 Hadar Sutovsky @ ICL Group and ICL PLANET Startup Hub Save the date, get your ticket and join the FoodHack and ClimateHack communities in Lausanne. Apply today 🎟️ https://lnkd.in/etU4Pnbz

AgriG8 is heading to the HackSummit, where food and climate founders and funders meet 🤝 Catch our CEO, David C.Y. Chen, on stage with other industry frontrunners as they uncover scalable solutions and strategies to address the urgent challenges at the intersection of food and climate. He’ll be joined by 1,500 founders, funders and operators, who are ready to forge partnerships for a more climate-resilient and food-secure future. 📍 June 13-14th 🇨🇭 Lausanne, Switzerland Meet us there: https://www.hacksummit.co/

🧧 Wishing you a joyful Lunar New Year! As the new year approaches, may the festive season bring you moments of warmth, laughter, and precious moments with loved ones. Here at AgriG8, we're ringing in the new year with a little unplanned digital detox. As much as we thrive on staying connected and pushing the envelope, it seems the cosmos are gently nudging us to pause and soak in the holiday spirit. We will be recharging our batteries, but the team (and hopefully our servers) will be back in action, brighter and more energised, next week. Should there be something absolutely, positively urgent that can't wait, feel free to reach out directly. Here’s to an auspicious year ahead, with the promise of new beginnings! 🧨

🌾 Did You Know? 🌍 In South and Southeast Asia, smallholder farmers represent a staggering untapped market opportunity of US$163 billion, according to the Rural and Agricultural Finance State of the Sector Report (https://lnkd.in/gNhqQp8k).    Over the last decade, the world has awakened to the threats facing our global food system—resource depletion and, more urgently, climate change. From the 2007-2008 food price crisis to the recent disruptions caused by the COVID-19 pandemic, no country is immune to these risks. Asia, where 450 million smallholder farmers produce over 80% of the region's food, is both the epicentre of these challenges and the key to their resolution. As Asia already accounts for half of the global food market, and its population is projected to grow by 250 million people by 2030, the significance is undeniable. Rice, a staple for billions, is responsible for about 10% of global methane emissions, a potent greenhouse gas.  This insight comes from a novel whitepaper executed with the support of the Monetary Authority of Singapore over a span of 18 months. The study involved active engagement with stakeholders in the regional rice industry, emphasising the crucial connection between agriculture, climate change, and economic prospects. Thank you Prof Paul Teng, Wei-Li Woo, Accenture Development Partnerships, and Monetary Authority of Singapore (MAS) for the development of this paper. 📚 Read the whitepaper here: https://www.agrig8.com/ Join Us in Transforming Agriculture! 🚀  To explore investment opportunities and be part of this transformative journey, contact us. Together, let us build a sustainable future.  #partnerships #innovation #AgriG8 #SustainableAgriculture #InvestInChange