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Total amount raised
$33M
Latest funding date
2025-04-07
Location
AgNext has successfully raised funding over 7 rounds, with the latest being a Series A round. The company is backed by 8 investors, including The Hashgraph Group and Novo Holdings.
Keep reading to explore the intricacies of AgNext's fundraising journey and the investors backing this innovative platform.
AgNext Technologies has raised funding across multiple rounds backed by investors including Alpha Wave Incubation, Novo Holdings, The Hashgraph Group, Kalaari Capital, and Omnivore.
Keep reading to explore AgNext's fundraising journey, from its earliest grant to its most recent strategic investment in 2025.
What Is AgNext?
AgNext Technologies is an AI-driven agricultural and food technology company founded in 2016 and headquartered in Mohali (Chandigarh), India, with operations extending to Abu Dhabi, UAE. The company develops AI-based food quality assessment solutions that digitize quality control across the agricultural value chain. Its flagship platform, Qualix, uses computer vision and spectral science to assess the chemical, physical, and ambient quality of grains, pulses, oilseeds, spices, and herbs in under three minutes. AgNext was incubated at IIT Kharagpur and has grown to serve agribusinesses, food processors, and commodity traders globally.
How Much Funding Has AgNext Raised?
- Grant (a-IDEA / National Academy of Agricultural Research Management)
- Amount Raised: Undisclosed (prize money / grant)
- Date: 2016–2017
- Lead Investors: a-IDEA (National Academy of Agricultural Research Management, Hyderabad)
- Notes: AgNext's first funding, received during its incubation at IIT Kharagpur. a-IDEA NAARM later exited at a reported 5x return at the time of the Series A in 2021.
- Seed Round
- Amount Raised: USD 2,100,000
- Date: April 2018
- Lead Investors: Omnivore
- Participants: Samir Kumar (Singapore-based HNI) and other angel investors
- Notes: Omnivore led this round via its second fund (Omnivore Partners India Fund 2).
- Pre-Series A (Seed VC - II)
- Amount Raised: USD 2,000,000
- Date: January 2019
- Lead Investors: Kalaari Capital
- Notes: Kalaari Capital invested approximately $2 million, bringing AgNext's total funding at that point to around $4 million including the Omnivore seed round.
- Series A
- Amount Raised: USD 21,000,000
- Date: August 2021
- Lead Investors: Alpha Wave Incubation (AWI) — managed by Falcon Edge Capital and backed by DisruptAD (VC arm of UAE sovereign fund ADQ)
- Participants: Omnivore, Kalaari Capital (both reinvested)
- Notes: The largest Series A round raised by an Indian agritech startup at the time. AWI's first investment in India's agritech sector. a-IDEA NAARM exited at a 5x return.
- Grant (The Hashgraph Association)
- Amount Raised: Undisclosed (grant / prize money)
- Date: December 2022
- Lead Investors: The Hashgraph Association
- Notes: AgNext was one of the first cohort of projects to receive a grant under The Hashgraph Association's Innovation Program, which offered grants of up to $250,000 for startups.
- Series Unknown (Strategic Investment)
- Amount Raised: USD 7,959,717
- Date: June 2024
- Lead Investors: Novo Holdings (Denmark)
- Notes: Novo Holdings' first Asia investment in the planetary health sector. Funds earmarked for further development of food quality assessment technologies and international expansion.
- Series A (Strategic Investment)
- Amount Raised: Undisclosed
- Date: April 7, 2025
- Lead Investors: The Hashgraph Group
- Participants: Novo Holdings (co-investor)
- Notes: The Hashgraph Group joined AgNext's ongoing financing round alongside Novo Holdings. The investment is aimed at integrating AgNext's AI-based solutions with the Hedera blockchain network. The specific dollar amount of this tranche was not publicly disclosed.
Total Amount Raised: At least $33.1M based on disclosed funding (USD 2,100,000 Seed + USD 2,000,000 Pre-Series A + USD 21,000,000 Series A + USD 7,959,717 Novo Holdings round; plus undisclosed grant amounts and the April 2025 investment).
Key Investors
- Alpha Wave Incubation (AWI)
- Details: Alpha Wave Incubation is a $300 million early-stage fund managed by New York-based Falcon Edge Capital and backed by DisruptAD, the venture capital arm of UAE sovereign fund ADQ. AWI led AgNext's $21 million Series A in August 2021 — the largest Series A in Indian agritech at the time and AWI's first agritech investment in India.
- Novo Holdings
- Details: Novo Holdings is a Denmark-based investment group that manages the assets of the Novo Nordisk Foundation. It led AgNext's June 2024 strategic investment round — its first Asia investment in the planetary health sector — and co-participated in the April 2025 round alongside The Hashgraph Group.
- The Hashgraph Group
- Details: The Hashgraph Group is a Switzerland-based organization focused on promoting adoption of the Hedera blockchain and distributed ledger technologies. It led AgNext's April 2025 strategic investment round, targeting the integration of AgNext's AI food quality platform with the Hedera network. Its affiliated entity, The Hashgraph Association, also provided a grant to AgNext in December 2022.
- Kalaari Capital
- Details: Kalaari Capital is a leading Indian early-stage venture capital firm. It led AgNext's pre-Series A round in January 2019 and participated again in the August 2021 Series A, demonstrating continued conviction in the company.
- Omnivore
- Details: Omnivore is an India-focused agri-food impact venture fund. Omnivore led AgNext's April 2018 Seed round and participated in the August 2021 Series A, making it one of AgNext's earliest and most consistent institutional backers.
What's Next for AgNext?
AgNext is well-positioned to scale its AI-powered food quality assessment solutions across global agricultural supply chains. With backing from marquee investors and a growing international presence, the company aims to deepen its penetration in existing markets while expanding into new food segments and geographies. Its integration with the Hedera blockchain through The Hashgraph Group partnership signals a push toward greater traceability and transparency in food supply chains. AgNext's continued R&D investment in spectral science and computer vision could further differentiate Qualix as the go-to platform for food quality digitization.
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