ProducePay is a technology company.
ProducePay has raised $91.4M across 6 funding rounds.
ProducePay has raised $91.4M in total across 6 funding rounds.
ProducePay has raised $91.4M in total across 6 funding rounds.
ProducePay's investors include Astanor Ventures, Bam Ventures, Endeavor8, G2VP, Moonshots Capital, Owl Rock Capital Partners, Syngenta Group Ventures, Stanton Green, AirAngels, Benchmark, Blue Bear Capital, Climate Capital.
ProducePay is an AgTech company building a Predictable Commerce Platform that provides financing, pricing analytics, a digital marketplace, supply chain visibility, and tools for the fresh produce industry.[1][4][5] It serves growers, marketers, distributors, and retailers across 20+ countries in North, Central, and South America and Europe, solving volatility, opacity, fragmentation, cash flow issues, and food waste in the global produce supply chain by enabling faster decisions, transparent transactions, and up to 90% reductions in retail rejections.[1][2][4] The platform has facilitated over $10 billion in trade across 64 commodities, financed $3 billion+ to farmers, and in 2024 alone is projected to finance $2 billion, saving the equivalent of 655,000 meals through efficiency gains like 31% fewer transit days and 41% less cold storage time.[2][3][4]
ProducePay was founded in 2014 by Pablo Borquez Schwarzbeck, a fourth-generation farmer from Mexico who pursued an MBA at Cornell and drew from family farming experience and direct work with growers facing financing barriers in an archaic industry.[3][4][6][7] The idea emerged from Schwarzbeck's lifelong exposure to agriculture's challenges, like limited capital access and opaque markets, aiming to digitize trade and provide tools he wished existed growing up.[3][6] Early traction included rapid expansion to eight countries with $3 billion in financing by 2021, evolving into a full platform with daily market reports, a marketplace, and visibility solutions while hitting milestones like Inc. 5000 recognition and World Economic Forum membership.[3][4][7]
ProducePay stands out in AgTech through integrated solutions tailored to produce:
ProducePay rides the AgTech wave digitizing agriculture amid climate volatility, supply chain disruptions, and demands for sustainable food systems, timing perfectly with post-pandemic transparency needs and investor focus on food security.[2][3][4] Market forces like rising food waste (addressed via efficiency), grower financing gaps in emerging regions, and retailer rejection rates favor its model, which cuts middlemen for direct connections and predictable programs enabling 52-week supply.[1][2][5][6] It influences the ecosystem by modernizing archaic trade—facilitating billions in financing, promoting IFC-compliant sustainable practices, and inspiring platforms like its Marketplace, while joining forums like World Economic Forum to scale impact across global produce worth trillions.[2][3][4]
ProducePay is poised to exceed $2 billion in 2024 financing and expand its platform's AI-enhanced visibility and Predictable Commerce Programs amid growing AgTech investments and sustainability mandates.[2][4] Trends like real-time supply chain tech, climate-resilient financing, and EU/US traceability rules will propel it, potentially doubling trade volume as it enters more commodities and regions. Its influence may evolve from financier to industry standard-setter, unlocking more value in a $1T+ produce market while feeding sustainable growth—echoing its farm-rooted mission to eliminate waste and empower those feeding the planet.[1][5]
ProducePay has raised $91.4M across 6 funding rounds. Most recently, it raised $38.0M Series D in February 2024.