Drone startup in agriculture receives millionaire funding

A ARPAC, a startup providing services specializing in crop spraying with drones, opened an investment round and raised 1,3 million reais. Investors include Francisco Forbes (Brazil), angel investor; MOR Capital (Brazil), investment hub; and the Drone Fund (Japan), a global investment fund specializing in drones – which makes its first investment in a Brazilian company.

Founded in 2016, by administrator and airline pilot Eduardo Goerl, ARPAC received its first investment in 2017 and, to expand its services, opened a new round for investors this year.

"With the funding raised in this latest round, we will continue to invest in technology, distribution and capillarity in our areas of operation in Brazil. This harvest we have 5 operational bases and we should at least double that for the next harvest.", comments Eduardo Goerl.

For Francisco Forbes, the investment opportunity meets the country's current situation. "Brazil is a global reference in traditional agribusiness and has all the conditions to create technology for a more efficient and healthier field.", he states.

"Drones are new in Brazil; the market is very receptive and makes us see a promising future for the region.", says Soki Omae from Drone Found. "The investment in ARPAC marks our entry as investors in Brazil, we believe in the company and in the country's potential, especially in the agriculture sector", she adds.

In a heated and promising market, ARPAC expects to provide more than 200 thousand hectares of services for the next harvest and already has contracts with large companies in the sector. The startup is growing and expects to earn more than 1 million by 2020.