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

Gro Intelligence Overview

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

United StatesNew York City, NY

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

Gro Intelligence valuation by funding round
DateStageValuation
Jan 2021Series 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

Gro Intelligence funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2021Series BAfrica 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$694MGro 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 2019Series AAlmanac Insights; Notable Capital$10M--
Nov 2017SeedOne Planet Group (lead); Payam Zamani (lead)$2M--
Jul 2017Series ATPG (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

Investors in Gro Intelligence by funding rounds participated
InvestorHQRoundsRoleFirst check
EchoVC PartnersNigeriaLagos2ParticipantJul 2017
DCVCUnited StatesUnited States2ParticipantJul 2017
TPGUnited StatesSan Francisco, CA2LeadJul 2017
Notable CapitalUnited StatesSan Francisco, CA2ParticipantMay 2019
Charles and Lynn Schusterman Family PhilanthropiesUnited StatesTulsa, OK1ParticipantJan 2021
Almanac InsightsUnited StatesNew York City, NY1ParticipantMay 2019
One Planet GroupUnited StatesSan Francisco, CA1LeadNov 2017
Ronald LauderUnited StatesNew York City, NY1ParticipantJan 2021
Rethink FoodUnited StatesNew York City, NY1ParticipantJan 2021
Africa Internet HoldingNigeriaLagos1LeadJan 2021
Dick Parsons--1ParticipantJan 2021
Payam ZamaniUnited StatesNew York City, NY1LeadNov 2017
Intel CapitalUnited StatesSanta Clara, CA1LeadJan 2021

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Gro 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.

Public and private companies comparable to Gro Intelligence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wrtn TechnologiesSouth KoreaSeoulPrivate$139M-$693M5.0x
7AIUnited StatesUnited StatesPrivate--$700M-
DeHaatIndiaPatnaPrivate--$700M-
DovetailAustraliaSydneyPrivate--$700M-
Reconova TechnologiesChinaChinaPublicly listed$66M($8M)$635M-
Gujarat State FertilizersIndiaIndiaPublicly listed$1.1B$97M$633M0.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ridley Corp$927M$70M1.2x0.5x15.3x9.1x
Dangote Sugar Refinery$623M$45M1.9x1.9x26.1x9.1x
MHP$3.8B$621M0.8x0.7x4.7x5.0x
Reconova Technologies$66M($8M)10.0x-(82.0x)-
Gujarat State Fertilizers$1.1B$97M0.4x0.4x5.1x6.0x
PKSHA Technology$140M$47M4.1x2.4x12.2x10.7x
Molinos Agro$2.7B$222M0.3x0.3x4.2x37.6x
Minerva$11B$945M0.3x0.3x3.9x4.0x

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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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