The WBAF Fund, the angel investment fund of the World Business Angels Investment Forum, announces that it has closed a deal with the BrioAgro Technologies of Spain. BrioAgro Technologies joined the Global Fundraising Stage of the World Business Angels Investment Forum in Istanbul as a part of the startup delegation of the Andalucia Government of Spain. It was one of the startup ventures to proceed to the next step towards receiving funding from the WBAF Angel Investment Fund.
BrioAgro Technologies has recently been awarded by the European Commission’s EIT Food initiative as the startup that can best help solve the problem of water scarcity in southern Europe and has recently started its international expansion into Mexico and Italy.
BrioAgro Technologies uses an innovative technology that allows watering crops just when they need it. In this way, it achieves water savings of between 20% and 50%, depending on the type of crop and soil. This intelligent irrigation is coupled with a reduction of energy costs for irrigation, fertilizers and phytosanitation, as well as a reduction of labour dedicated to irrigation, which will ultimately lead to a reduction of costs that benefit the economy of the farmer and create significant improvements in environmental sustainability.
According to the United Nations, in 2025 1.8 billion people will have absolute water shortages, and 2/3 of the world will live in water-stressed conditions. BrioAgro Technologies has recently been acclaimed by the European Commission’s EIT Food initiative as the startup that can best help solve the problem of water scarcity in southern Europe, if farmers, who consume between 70% and 80% of available fresh water, start using their technology.
BrioAgro has more than 250 installations, most of them in Spain, with first-class clients in the agro-food industry. BrioAgro has accumulated experience in more than 40 different crops and has recently started its international expansion.
BrioAgro Technologies was one of the startup ventures WBAF Angel Investment fund chose to proceed to the next step for receiving funding after they made an impressive pitch on the Global Fundraising Stage in Istanbul.
About BrioAgro Technologies
As a listed venture of the 2020 FoodTech 500 finalists, ‘Fortune 500’ list of AgriFoodTech of 2020, BrioAgro aims to help farmers around the world to be more competitive by getting better harvests and saving costs, while contributing to environmental sustainability, combating water scarcity and climate change.
About the World Business Angels Investment Forum
An affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), the World Business Angels Investment Forum (WBAF) is an international organisation aiming to ease access to finance for businesses from start-up to scale-up, with the ultimate goal of generating more jobs and more social justice worldwide. It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, start-ups, and SMEs. The Forum interacts with leaders in all areas of society, first and foremost in business and political spheres, to help assess needs and establish goals, bearing in mind that the public interest is of paramount importance. WBAF engages a wide range of institutions, both public and private, local and international, commercial and academic to help shape the global agenda.
About the WBAF Angel Investment Fund
The WBAF Angel Investment Fund is designed to capitalise on the worldwide growth in entrepreneurial activity and venture financing for startups and scaleups and to benefit from WBAF’s extensive network of global investors, including angel investors, private equity funds, co-investment platforms, wealth management institutions, family offices, VCs and acceleration centres.
About the Global Fundraising Stage (GFRS)
The Global Fundraising Stage (GFRS) is an international co-investment platform for investors, startups, scaleups and high-growth businesses that are aiming to globalise by raising funds from qualified investors. The GFRS aims to create a high-quality portfolio with some of the world’s most promising startups and scaleups and, at the same time, create opportunities for co-investment and follow-on investments. The GFRS also connects top startups with the best angel investors, making it possible for the startups to benefit not only from the investment but also from the know-how, mentorship and networks of qualified investors. The GFRS is designed to capitalise on the worldwide growth in entrepreneurial activity and venture financing for startups and scaleups and to benefit from WBAF’s extensive network of global investors, which includes angel investors, private equity funds, co-investment platforms, wealth management institutions, family offices, VCs and acceleration centres. The mission is to showcase the world’s top startups and scaleups, which are, typically, funded companies in the process of raising €50K – €3M, with the aim of globalising.
Global Fundraising Stage 2022 will be in Antalya, Turkey, Wednesday, 26 October 2022, in the second day of the World Congress of Angel Investors WBAF 2022. Selected 100 ready-to-invest startups from around the world, will pitch their businesses to investors on the Global Fundraising Stage 2022.