SALINAS, Calif., April 11, 2017 /PRNewswire/ -- Aggrigator™ announced today that the company has raised over $3.3M in existing investments.
"Agriculture has been an underserved segment with respect to technology innovation. Aggrigator has developed a unique farm-to-shelf marketplace that adds value to the critical elements between demand, supply and fulfillment for the farmer and produce consumer," said Sridhar Chityala, Chairman of Elevate Innovation Partners VC. "The deep focus on enabling small and medium farms increased access to the market while improving efficiencies and reducing waste is a big win for all. Aggrigator has built a strong team to execute the vision and we are excited about the opportunity to invest with the team."
"Aggrigator has some outstanding investors backing the company and we are in a phase of growth where we are expanding the reach, scale and velocity of our marketplace," said Gerard Rego, cofounder & CEO of Aggrigator. "We are looking to continue to accelerate our execution while constantly focusing on basics to capture value for all stakeholders."
The company plans to use its existing capital to create greater market reach and develop technology to continue accelerating the business model. The company also highlighted that it is evaluating potential acquisitions in the space while looking ahead in 2017 to create deeper penetration across California and to extend to other markets.
Aggrigator is a B2B "farm-to-shelf" marketplace: Our technology provides a platform for both the buyers and sellers of fresh produce to access markets across the entire fresh produce transactional pipeline. We bring participants in so they are able to buy, sell, and fulfill transactions together to create viable economies of scale and create a fresh produce supply chain capable of servicing large demand markets. To learn more, visit our website, www.aggrigator.com.
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SOURCE Aggrigator, Inc.