The value of transaction amounts to RON370,000, of which nearly RON247,000 was used for the acquisition of a minority stake and RON123,000 represents a financing convertible into shares.
“The transaction is part of the Company’s objective to invest up to RON1,000,000 by the end of 2021 for the acquisition of minority stakes in two startups focused on the development of technologies for agriculture. The company is in advanced negotiations to complete the second investment,” said Iulian Cîrciumaru, Chairman of the Executive Board of Holde Agri Invest.
According to Holde representatives, the company targets investments of up to RON1 million for the acquisition until the end of 2021 of minority stakes in two startups focused on developing technologies for agriculture. The investment in Enten Systems is the first of the two transactions. Holde currently is in advanced talks to fund the second investment.
Enten Systems SRL is a company that sells solutions and systems for providing data on agricultural production, through installing equipment that constantly monitors the microclimate and provides farmers with essential data on crop status and potential risks to which they are exposed.
Holde Agri Invest also owns a 12% stake in Romanian startup AgroCity. In 2021, the company granted AgroCity an additional financing of nearly RON200,000, which represents capital convertible into shares.