WBAF Angel Investment Fund closed the deal
with BrioAgro Technologies of Spain
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 waterstressed 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 of the World Congress of Angel Investors 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. www.brioagro.com
About the World Business Angels Investment Forum (WBAF)
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.