Blooms Lands Seed Funding Led by SP Ventures to Revolutionize Trade Finance for the Produce Food Supply to the US

• The US demand for produce is approximately US$100bn and the US imports a substantial portion of its supply.
• Blooms uses AI to provide customized trade solutions to LatAm produce exporters that ship to the US and Canada and who offer sustainably grown fruits and vegetables and a path to lower the US´s food prices.

WILMINGTON, Del., May 20, 2025 /PRNewswire/ -- Blooms (www.bloomscapital.com), a fintech innovator focused on AI-driven trade finance, payments, and FX solutions for Latin American produce exporters supplying the US and Canadian markets, announced today that it has raised $2.6 million in seed funding. The round was led by SP Ventures, a leading VC specialized in agritech, with participation from Angel Ventures, The Yield Lab Latam, Eqwow Ventures, Glocal Managers, Mercy Corps Ventures, and others.

The funding will accelerate Blooms' mission to solve liquidity challenges in Latin America's agricultural sector. By equipping exporters with smarter financial tools, Blooms aims to strengthen the produce supply chain, reduce food waste, and contribute to more stable—and potentially lower—food prices in North America.

"For too long, Latin American exporters have faced funding barriers that limit growth," said Francisco Mere, a serial tech entrepreneur and founder of Blooms. "This investment validates our vision to provide seamless, intelligent financial solutions that reduce waste, support sustainability, and deliver fresher, more affordable produce to North American consumers."

Blooms leverages AI to offer fast access to working capital, simplify cross-border transactions, and provide tailored FX solutions. Its platform was built by experts in fintech, agtech, and data science, designed to improve cash flow, reduce inefficiencies, and enable growers to invest in sustainable farming and expansion.

"Blooms is solving a core bottleneck in Latin America's ag value chain—access to agile, fair financial tools," said Ariadne Caballero, Partner at SP Ventures. "Their AI-powered approach enhances exporter resilience, improves sustainability, and reduces food waste. This investment fits perfectly with our mission to back ag-tech companies advancing food security and climate-smart agriculture."

Under the current uncertain and volatile environment, the investor coalition reflects broad support  for Blooms' potential to drive sustainability, and regional economic growth

About Blooms:
Blooms (www.bloomscapital.com) delivers AI-driven trade finance, FX, and payment solutions for Latin American produce exporters. Its mission is to create a resilient, sustainable supply chain that reduces food waste and improves value for North American consumers.

About SP Ventures:
SP Ventures (www.spventures.com) is a leading Latin American VC firm investing in agri-food tech startups solving key challenges across the agrifood value chain.

Contact:
Anissa Roberts
[email protected]

SOURCE Blooms Trade Inc