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XpertSea wins major agtech award

The Fish Site
by The Fish Site
21 August 2021, at 2:14pm

XpertSea, which is best known for its apps for shrimp farmers, has been awarded the 2021 Trading Solution of the Year award by AgTech Breakthrough.

XpertSea has reported a 1000 percent revenue growth in Latin America
XpertSea has reported a 1000 percent revenue growth in Latin America

© XpertSea

AgTech Breakthrough is a leading market intelligence organisation that recognises the top companies, technologies and products in the global agricultural technology market. XpertSea* won the trading solution category for its data-driven marketplace, which uses AI and financial services to connect shrimp farmers with a network of buyers and ensure same day payment. Using XpertSea’s smartphone app and their phone’s camera, farmers can capture crop data, transact with buyers and receive payment within 24 hours of harvest, which improves their cash flow, de-risks their business and unlocks growth.

"We're honoured to be counted among the companies building standout tech that helps farmers grow sustainably and deliver better food to consumers,” said Valerie Robitaille, XpertSea’s CEO. “With powerful AI tools and innovative financial services, we can build a better future for aquaculture producers and seafood consumers, and help aquaculture fulfill its potential as a sustainable source of protein.”

Earlier this month, XpertSea announced a $20 million Series B funding round, led by QED Investors and Atlantico, which will allow XpertSea to bring its marketplace and financial services to new international markets, following 1000 percent revenue growth in Latin America.

The AgTech Breakthrough Awards programme recognises the innovators and leaders from around the globe in a range of agricultural and food technology categories, including areas such as precision agriculture, yield forecasting, IoT, soil sensing, automation and robotics, and integrated farm management.

*XpertSea and Hatch are both part of Aqua-Spark's investment portfolio, but The Fish Site retains editorial independence.