• Brazilian digital agriculture Software as a Service (SaaS) business BemAgro raises US$2.6 million (R$15 million) in latest funding round led by CNH, with Suzano Ventures and ATVOS joining as strategic investors • Provision of capital, alongside access to Suzano’s forest infrastructure and technical expertise, to allow for novel applications of BemAgro’s innovative solutions in eucalyptus farming • Investment to fast-track technology validation and accelerate adoption of BemAgro’s solutions across the forestry sector • In addition to the US$2.6 million (R$15 million) in investments, BemAgro has raised more than US$6.3 million (R$35 million) in contracts signed with its new shareholder

São Paulo - Suzano Ventures, the corporate venture capital arm of Suzano, the world's largest market pulp producer, has made a strategic investment in BemAgro, a leading Brazilian AgTech startup delivering Software as a Service (SaaS) solutions to optimize the agricultural cycle at every stage, from planting to harvesting.

The investment comes as part of a US$2.6 million funding round led by CNH, a world-class equipment, technology, and services company in the agriculture and construction sectors. Suzano Ventures joins the round as a strategic investor alongside ATVOS, Brazil's second-largest producer of market ethanol, from sugarcane and its biomass. This funding round close also marks the conclusion of BemAgro's latest funding series, which began in February of this year, when the company raised US$1.8 million in its first round - also led by CNH, with participation from Rural Ventures, MMAgro, and Agroven.

Through the implementation of artificial intelligence (AI) tools, BemAgro's digital agriculture solutions facilitate accurate and automated data processing to optimize crop planting, growth, and harvesting, therefore increasing operational performance and productivity, and reducing costs.

With a proven track record and strong results in enhancing agricultural processes within Brazil's sugarcane industry, this partnership will allow BemAgro's pioneering solutions to be transferred to eucalyptus farming. With more than 5 million hectares processed, the technology is widely used in Brazil, Latin America, and Asia. In sugarcane fields, it reduces herbicide and input application by an average of 70% by detecting weed infestation, and increases productivity by 7.5% detecting early stage gaps.

With a two-year roadmap in place, Suzano Ventures will support BemAgro in refining and accelerating the application of its digital agriculture solutions for precision silviculture. More than just capital, Suzano Ventures will provide BemAgro with access to Suzano's farms and infrastructure, operations, and market and technical expertise, promoting the creation of new algorithms designed specifically for eucalyptus farming. This will, in turn, both validate the use of BemAgro's technologies within the eucalyptus industry and allow Suzano to advance its silviculture capabilities.

Álvaro Gómez Rodríguez, Senior Manager at Suzano Ventures said:
"Having seen the positive impact of BemAgro's offering in comparable industries, we are confident that the integration of its technologies within Suzano's silviculture operations will substantially increase efficiencies at all stages of the eucalyptus lifecycle. By facilitating more detailed monitoring of our seedlings, this technology will allow us to better assess the quality of growth at this critical stage, when the long-term health of the tree is mostly determined.

"Our provision of capital, alongside access to Suzano's farms, operations, and technical expertise, will provide the resources necessary to accelerate the development of BemAgro's technologies, alongside its adoption across the sector."

Johann Coelho, founder and CEO of BemAgro added:
"A testament to the revolutionary technology being developed at BemAgro, we are proud to have Suzano Ventures and ATVOS join us as strategic investors following the close of our latest funding round. We believe these major industry players will help us not only to realize our vision but do so more quickly and efficiently.

This funding will support the continuous development of BemAgro's technology and revenue generation. More than just financial investors, our partners are also our customers - therefore supporting our goal of reaching 10 million hectares under management in the years to come. This strategic partnership aligns to project a new cycle of revenue generation, increased investment in AgTech, and an expansion of market verticals."

Alexandre Maganhato, CTO of ATVOS comments:
"ATVOS has been undergoing an intense transformation process in recent harvests, resuming investments in new technologies and innovation in its business fronts, whether in crops or in industry. The partnership with BemAgro is in line with important pillars of the company's strategic planning: having greater control over agro-industrial operations based on data analysis and the generation of practical information from the field, which will help us in decision-making and in the application of corrective measures to minimize costs, optimize inputs, increase our productivity rates and take care of the environment."

ENDS

About BemAgro
Founded in 2018 and headquartered in Ribeirão Preto, SP, BemAgro is a pioneering agtech in smart agriculture. Specializing in Software as a Service (SaaS) solutions, the company uses artificial intelligence and computer vision to optimize the entire agricultural cycle, from planting to harvesting.

AI tools allow the processing of data coming from tractors and drones to plan the allocation of terraces (contour line), define planting, spraying and harvesting routes. In addition, it detects weeds and generates variable-rate application maps of growth regulators, urea, defoliants/desiccants, identification of planting failures, restitution of crop lines, parallelism and plant counting. These automated solutions increase operational performance, reduce costs and increase the productive potential of its customers.

About Suzano Ventures
Suzano Ventures is the venture capital arm of Suzano, the world's largest market pulp producer - providing materials and consumer products that are part of the lives of more than 2 billion people around the world in more than 100 countries. We invest globally in early-stage deeptech businesses that are pioneering innovative approaches to harness the power of trees, to help build the future of the bioeconomy.

We are investing an initial US$70 million to support the development and growth of companies across four investment areas: novel applications for eucalyptus biomass, sustainable packaging, forestry technology, and carbon removal. By aligning with these verticals, through our strategic investment, we deliver shared value. We help early-stage startups to grow, which in turn have the potential to develop and help shape the future of Suzano's business.

Our strategic investments deliver shared value. By placing science at the heart of business, we help early-stage startups to grow, which, in turn, have the potential to develop and help shape the future of Suzano's business.

We provide our portfolio companies with capital, technical expertise, and market insights, alongside access to our global operations, supply chain and customer base. This includes the ability to engage with hundreds of our scientists, engineers, and technologists, based at Suzano's research centers and operations across four continents.

About ATVOS
Atvos is one of the main producers of biofuels in Brazil, in addition to producing VHP sugar and clean and sustainable electricity through sugarcane biomass. From this raw material, the company has the capacity to produce around 3.3 billion liters of ethanol, which can power more than 58 million compact cars; 750 thousand tons of VHP sugar, a volume capable of sweetening the lives of millions of families after refined; in addition to co-generating approximately 4.2 thousand GWh of electricity, enough to supply a population of more than 18 million people. Atvos employs nearly 10,000 staff members in the Brazilian states of Goiás, Mato Grosso, Mato Grosso do Sul and São Paulo, where its eight agro-industrial units are also located.

As a relevant player in the generation of clean and renewable energy, the company is one of the main national issuers of decarbonization credits (CBIOs), having renewed the RenovaBio certification of all its agro-industrial units by 2025. On the socio-environmental front, Atvos supports projects in education, culture, health, safety, environment and productive activities, with the objective of fostering socioeconomic development and promoting improvement in the quality of life of the communities where it operates. More information click here. https://atvos.com/en