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- Gro Intelligence
Gro Intelligence Valuation, Funding & Investors
Gro Intelligence is valued at $694M as of January 2021.
Last Gro Intelligence valuation
$694M
Series B · Jan 2021
Last Gro Intelligence funding round
$85M
Series B · Jan 2021
Cumulative funding Gro Intelligence raised
$115M
across 4 funding rounds
Key investors in Gro Intelligence
DCVC
TPG
Notable Capital
EchoVC Partners
Bossa Invest
Intel Capital
About Gro Intelligence
Gro Intelligence is an AI-powered platform analyzing agriculture, climate, and supply chain data. With offices in New York City and Nairobi, the company forecasts crop yields, monitors food security risks, and assures commodity supply chains for agribusinesses. Gro Intelligence processes satellite imagery, weather data, and trade statistics to deliver actionable insights.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$694M (Jan 2021)
Gro Intelligence Valuation
Gro Intelligence is currently valued at $694M, based on its Series B in January 2021.
The $85M round was led by Africa Internet Holding and Intel Capital, with participation from Charles and Lynn Schusterman Family Philanthropies, EchoVC Partners, Ronald Lauder, Rethink Food, DCVC and 5 other investors.
Gro Intelligence valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2021 | Series B | $694M |
Gro Intelligence Funding History
Gro Intelligence has raised a total of $115M across 4 funding rounds.
Gro Intelligence's first fundraising round was a $17M Series A in July 2017. The most recent completed round was a $85M Series B in January 2021.
Gro Intelligence funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Series B | Africa Internet Holding (lead); Intel Capital (lead); Charles and Lynn Schusterman Family Philanthropies; EchoVC Partners; Ronald Lauder; Rethink Food; DCVC; TPG; Dick Parsons; Eric Zinterhofer; Bossa Invest; Notable Capital | $85M | $694M | Gro Intelligence, founded in 2014 by Sara Menker, Nemo Semret, and Sewit Ahderom, developed an AI-powered platform aggregating over 40,000 datasets and processing more than 650 trillion data points to deliver insights on food security, agriculture, climate risk, and supply chains. The New York-based company, with offices in Nairobi and Singapore, served clients like Unilever for sustainability planning and gained recognition during 2020 East African locust outbreaks. It positioned itself as the world's largest agricultural data platform, enabling better-informed decisions in food production, crop yields, soil quality, and climate factors. In January 2021, Gro Intelligence raised $85 million in an oversubscribed Series B round co-led by Intel Capital and Africa Internet Ventures (a TPG Growth and EchoVC partnership), with participation from family offices of Ronald Lauder and Eric Zinterhofer, DCVC, GGV Capital, Schusterman Family Investments, Dick Parsons, Rethink Food, and others. The post-money valuation reached $694.04 million. Funds were allocated to accelerate global adoption of the Gro Platform, enhance machine-learning for localized insights, and expand presence amid existential opportunities in food security and climate risk. The company had previously raised $17.4 million in a 2017 Series A led by TPG Growth via EchoVC, bringing total funding over $115 million by 2021. Despite traction with enterprise clients and TIME's 100 most influential companies list, Gro faced challenges including product-market misalignment, leadership changes, and funding difficulties in a tough environment. It laid off 60% of staff in early 2024, replaced founder Menker as CEO, struggled with payroll, and ultimately shut down after failing to secure sufficient capital, with assets acquired by Almanac post-liquidation. |
| May 2019 | Series A | Almanac Insights; Notable Capital | $10M | - | - |
| Nov 2017 | Seed | One Planet Group (lead); Payam Zamani (lead) | $2M | - | - |
| Jul 2017 | Series A | TPG (lead); EchoVC Partners; DCVC | $17M | - | Gro Intelligence, founded in 2014 in Nairobi, Kenya by Sara Menker, develops an AI-powered platform providing data-driven insights on agriculture, food security, and climate risk by integrating thousands of datasets including crop production, weather, prices, and trade data. The company serves customers ranging from governments and financial institutions to agricultural companies, retailers, food and beverage firms, insurers, and universities. In July 2017, Gro Intelligence raised $17.4 million in a Series A-2 round led by TPG Growth through its partnership with EchoVC Partners, with participation from DCVC. This followed prior family office funding since inception and an undisclosed Series A led by TPG Growth with Data Collective. The funds supported team expansion, with offices in New York and Nairobi employing domain experts, scientists, analysts, and engineers. Gro Intelligence continued growth, raising an $85 million Series B in 2021 co-led by Intel Capital, Africa Internet Ventures (TPG Growth and EchoVC), and family offices, joined by DCVC, GGV Capital, and others including Rethink Food. The platform processed over 650 trillion data points from more than 40,000 datasets for global insights. |
Who has invested in Gro Intelligence?
15 investors have backed Gro Intelligence across its funding rounds, including DCVC, TPG, Notable Capital, EchoVC Partners, Bossa Invest and Intel Capital.
Lead investors include Africa Internet Holding, Intel Capital, One Planet Group, Payam Zamani and TPG.
Gro Intelligence Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Lead | Jul 2017 | ||
| 2 | Participant | May 2019 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | May 2019 | ||
| 1 | Lead | Nov 2017 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Lead | Jan 2021 | ||
| -- | 1 | Participant | Jan 2021 | |
| 1 | Lead | Nov 2017 | ||
| 1 | Lead | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 15 Gro Intelligence investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGro Intelligence Competitors
Gro Intelligence competitors include listed companies like Reconova Technologies and Gujarat State Fertilizers, and private ones like Wrtn Technologies, 7AI, DeHaat and Dovetail.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $139M | - | $693M | 5.0x | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $66M | ($8M) | $635M | - | ||
| Publicly listed | $1.1B | $97M | $633M | 0.4x |
Gro Intelligence Public Comps
Gro Intelligence is still privately-owned, but its public comps include Ridley Corp, Dangote Sugar Refinery, MHP, Reconova Technologies, Gujarat State Fertilizers, PKSHA Technology, Molinos Agro, Minerva, Baladna and Cem Zeytin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $927M | $70M | 1.2x | 0.5x | 15.3x | 9.1x | |||
| $623M | $45M | 1.9x | 1.9x | 26.1x | 9.1x | |||
| $3.8B | $621M | 0.8x | 0.7x | 4.7x | 5.0x | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $1.1B | $97M | 0.4x | 0.4x | 5.1x | 6.0x | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $2.7B | $222M | 0.3x | 0.3x | 4.2x | 37.6x | |||
| $11B | $945M | 0.3x | 0.3x | 3.9x | 4.0x | |||
This data is available for Pro users. Sign up to see all Gro Intelligence competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Gro Intelligence
| When was Gro Intelligence founded? | Gro Intelligence was founded in 2014. |
| Where is Gro Intelligence headquartered? | Gro Intelligence is headquartered in New York City, NY, United States. |
| Is Gro Intelligence publicly listed? | No, Gro Intelligence is a private, VC-backed company. |
| What is Gro Intelligence's valuation? | Gro Intelligence was last valued at $694M in its Series B in January 2021. |
| How much funding has Gro Intelligence raised? | Gro Intelligence has raised $115M across 4 funding rounds. |
| What was Gro Intelligence's last funding round? | Gro Intelligence's last funding round was a $85M Series B in January 2021, led by Africa Internet Holding and Intel Capital. |
| Who are Gro Intelligence's investors? | Gro Intelligence's investors include EchoVC Partners, DCVC, TPG, Notable Capital, Charles and Lynn Schusterman Family Philanthropies, Almanac Insights, One Planet Group, Ronald Lauder, Rethink Food, Africa Internet Holding and 5 others. |
| Which companies are comparable to Gro Intelligence? | Companies comparable to Gro Intelligence include Wrtn Technologies, 7AI, DeHaat, Dovetail, Reconova Technologies and Gujarat State Fertilizers. |
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