Avenews Overview
Avenews developed a digital agribusiness management platform that creates an infrastructure for financial institutions to provide services to their agribusiness customers who operate across supply chains in emerging markets. On one hand, the platform enables agribusinesses to manage all their business and trade operations in one place including inventory, invoices, orders, and payments. On the other hand, the platform operates as a digital infrastructure that enables financial institutions to access agribusiness data that previously was out of reach, reduce risk, and distribute financial services to agribusinesses across the supply chain directly on the platform. Every interaction on the platform is stored in a verified and vetted asset on the Avenews blockchain, creating a digital economic identity for every agribusiness across the supply chain. Avenews is already working with Africa's largest banking groups to bridge their gaps with the agricultural industry and finance their agricultural business customers across the continent.
Cumulative Funding Raised Over Time ($)
$3.0MJan 2021
$3.6MSep 2017
Latest News
Fintech Startup Avenews-GT Announces $3 Million Fund Raise From Global Holding Group
growth-positive
הקיבוצניקים שהקימו "אמזון לפירות וירקות" מגייסים 3 מיליון דולר
Israeli start-up Avenews-GT has raised $3m in a seed funding round led by XT Hi-Tech. The company has developed a digital platform that allows agricultural traders to conduct all their business processes digitally. The platform provides a solution for the three main components that accompany agricultural supply chains: moving produce from seller to buyer; transferring payment from buyer to seller; and managing all the information accompanying the transaction. The company is working with two of the largest banking groups in Africa and is active in Kenya, Zambia and Uganda.
InvestmentExpand
growth-positive
האם דווקא סטארטאפ ישראלי יצליח להוריד את מחירי הירקות והפירות בישראל?
Israeli start-up Avenews-GT is developing a digital marketplace for farmers, aiming to modernize the agricultural industry and reduce costs for consumers. The platform will allow farmers to sell their produce directly to stores, eliminating the need for intermediaries. The company has already served over 10,000 users in Kenya, Zambia, and South Africa, and has recently received a grant from the Innovation Authority and the Ministry of Agriculture to establish a similar marketplace in Israel. In addition to the grant, the company has raised $500,000 from strategic investors in South Africa.
CustomersPartnersInvestmentExpand
growth-positive
Israel: Realizing Hope
The article highlights the innovative solutions by Israeli companies Innovation: Africa, Netafim, Avenews-GT, and HomeBioGas to address issues in Africa. Innovation: Africa is providing solar, agricultural, and water tech to rural African villages. Netafim is ensuring food security with Drip Irrigation technology. Avenews-GT is digitizing agricultural trade and connecting farmers to buyers and financial institutions. HomeBioGas is transforming organic waste into cooking gas, providing a clean energy solution.
CustomersPartnersInvestment
Blockchain In Agriculture Use Case #3: Avenews-GT - Disruptor Daily
| Sector | Fintech & Insurtech |
Funding
| Total funding | $3.6M |
| Last funding | $3M |
| Stage | Seed |
| Rounds | 2 |
| Investors | 3 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | www.avenews-gt.com/ |
Locations
Yehuda ha-Levi Street 48, Tel Aviv-Yafo, Israel
Photos & Videos
1 item(s)
Avenews Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Agriculture & Food TechnologiesAg TechFood TechFood Trade & ServicesFintech & InsurtechMoney Transfer & ManagementTarget Customer
Financial ServicesFinancial InstitutionsFood Retail & ConsumptionWholesaleCore Technology
Platforms & InterfacesSoftwareTags (16)
retailersmanagement-solutionsfarmerssmallholder-farmsshippingbankspostharvestfinancial-institutionssupply-chainecommerceagtechfarm-to-consumerfood-and-beveragelogisticsblockchainagribusinessGeographic Markets
AfricaArgentinaGlobalAvenews Financials
$3.6M
Total funding
Undisclosed
Capital raised
$3M
Last funding
Seed
Funding stage
2
Total rounds
3
Investors
Cumulative Funding Raised Over Time ($)
$3.0MJan 2021
$3.6MSep 2017
Private Equity Funding
Seed
Jan 2021
$3M
XT Venture Capital
Pre-Seed
Sep 2017
$600K
Encovox, Barclays Accelerator
Avenews Lifecycle
Cumulative Funding Raised Over Time
$3.0MJan 2021
$3.6MSep 2017
All Events
Seed
Jan 2021
$3M
XT Venture Capital
Pre-Seed
Sep 2017
$600K
Encovox, Barclays Accelerator
Avenews News
9 articlesFintech Startup Avenews-GT Announces $3 Million Fund Raise From Global Holding Group
growth-positive
הקיבוצניקים שהקימו "אמזון לפירות וירקות" מגייסים 3 מיליון דולר
Israeli start-up Avenews-GT has raised $3m in a seed funding round led by XT Hi-Tech. The company has developed a digital platform that allows agricultural traders to conduct all their business processes digitally. The platform provides a solution for the three main components that accompany agricultural supply chains: moving produce from seller to buyer; transferring payment from buyer to seller; and managing all the information accompanying the transaction. The company is working with two of the largest banking groups in Africa and is active in Kenya, Zambia and Uganda.
InvestmentExpand
growth-positive
האם דווקא סטארטאפ ישראלי יצליח להוריד את מחירי הירקות והפירות בישראל?
Israeli start-up Avenews-GT is developing a digital marketplace for farmers, aiming to modernize the agricultural industry and reduce costs for consumers. The platform will allow farmers to sell their produce directly to stores, eliminating the need for intermediaries. The company has already served over 10,000 users in Kenya, Zambia, and South Africa, and has recently received a grant from the Innovation Authority and the Ministry of Agriculture to establish a similar marketplace in Israel. In addition to the grant, the company has raised $500,000 from strategic investors in South Africa.
CustomersPartnersInvestmentExpand
growth-positive
Israel: Realizing Hope
The article highlights the innovative solutions by Israeli companies Innovation: Africa, Netafim, Avenews-GT, and HomeBioGas to address issues in Africa. Innovation: Africa is providing solar, agricultural, and water tech to rural African villages. Netafim is ensuring food security with Drip Irrigation technology. Avenews-GT is digitizing agricultural trade and connecting farmers to buyers and financial institutions. HomeBioGas is transforming organic waste into cooking gas, providing a clean energy solution.
CustomersPartnersInvestment
Blockchain In Agriculture Use Case #3: Avenews-GT - Disruptor Daily
growth-positive
40/40 הצעירים המבטיחים של מגזין TheMarker
The article discusses Ismael Haruv, co-founder and CTO of Avenews GT, a startup that developed a platform to help farmers obtain funding more easily. Haruvs passion for programming began at the age of 12, and he later focused on programming more deeply. He and his partners, Shalom and Yishai Ben-Or, founded Avenews GT by chance when they were looking for someone with technology expertise to help them develop a solution for agricultural funding. The platform has become one of the main channels for agricultural trade in Africa and operates in 12 countries. Avenews GT recently signed a new trade agreement with ABSA, the second-largest bank in Africa. The success of the startup has led Haruv to establish a project in Jaffa to teach programming to young Arab women.
PartnersExpand
growth-positive
Israeli Pitch Dark Startup Contest Winner Gets Spot in the Limelight
Avenews-GT, an agricultural produce trading platform that uses blockchain technology, won a startup competition called Pitch in the Dark hosted by Citigroup in collaboration with Visa, Israel Discount Bank Ltd., and Intuit Inc. The competition aimed to create a more diverse tech hub in Israel. Avenews-GT aims to connect industrial buyers directly with farmers and provide management, logistics, and financial tools to smaller sellers. The second-place winner was Ladingo Ltd., which develops a system for optimizing cargo containers, and the third-place winner was EasySend Ltd., which helps businesses turn document-based transactions into digital processes. The competition was judged by representatives from various venture capital firms and financial institutions.
CustomersPartners
growth-positive
Pitch Black: Israeli Agritech Venture Nabs 'Dark' Startup Competition Prize
Citi partnered with Visa, Intuit, and Israel’s Discount Bank for the Pitch in the Dark startup competition in Jaffa, Israel. The event aimed to address bias and pre-conceived notions in the high-tech industry by taking place in complete darkness. The competition gathered 21 participating startups with VCs and executives from the Israeli fintech ecosystem. The event was a step towards promoting diversity in the non-diverse high-tech ecosystem of Israel. The startups had to rely on their voices and inner instincts to present their ideas without visual presentations or non-verbal cues. The winning startup was Avenews-GT, an agricultural tech startup that developed a blockchain-powered digital platform for agri-trade management. Citi CEO Neil Corney emphasized the importance of going beyond comfort zones and finding new ways forward in the high-tech industry.
Partners
growth-positive
Blockchain: the future of agricultural trade
The article discusses the inefficiencies in agricultural trade and the need for digitalization using blockchain technology. It highlights the challenges faced by farmers and commercial buyers due to non-digital interactions and the reliance on costly intermediaries. The article suggests that a complete ecosystem for agricultural trade, including third parties and supportive services, should be digitalized to ensure transparency, trust, and efficiency. Blockchain technology is presented as a solution to create a digital trade ecosystem that enables verified cooperatives, agro-businesses, farmers, and agri-buyers to participate in the global market. The article is based on a presentation by the founders of Avenews-GT, a digital trading platform based on blockchain technology.
Customers
Avenews Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 31 |
| Team members | 4 |
Similar Companies
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Avenews Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515636520 |
| Crunchbase | avenews-gt |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wain@gmail.com |
| Last update | 2021-03-09T00:00:00.000Z |
| Created | 2017-03-31T00:00:00.000Z |
| Claimed | Yes |