Agtools Inc.: Growing the Future of Agricultural Technology

Agtools Inc., an innovative portfolio company of Angeles since July 2020, is a transformative force in the Agricultural Technology market. By leveraging data analytics and intelligence, Agtools optimizes resource use and enhances productivity. Its platform integrates real-time data on crop conditions, weather forecasts, and market trends to improve yield, reduce waste, and efficiently manage resources for farmers of all income levels1. This tech-driven approach is essential to meet the increasing demand for food production.

The primary appeal of Agtools is its ability to provide precise agricultural data to a wide customer base. By offering data access through a subscription or pay-per-use model, Agtools allows farmers to maximize productivity without significant upfront investments in data collection infrastructure. Traditionally, data collection was manual and time-consuming, requiring costly investment and labor, but Agtools’s intelligent tools streamline this process and are gaining prominence in the sector.

Angeles recognizes the potential of Agtools due to its strong alignment with market trends in the agricultural technology sector. The global agriculture technology market, valued at around USD 22.3 billion in 2023, is expected to reach approximately USD 62.76 billion by 2031, growing at a CAGR of around 13.23%2. This growth underscores the strength of this market and encourages continued investment. Capturing even 1% of this market could translate to USD 305 Million in revenue for Agtools.

Furthermore, Agtools is well-positioned with the market’s shift towards a SaaS model, which is attractive due to lower cost, ease of deployment, and reduced maintenance for end-users. The global Agricultural Technology as a Service (ATaaS) market, valued at $1.5 billion in 2022, is projected to reach $7.4 billion by 2032, with a CAGR of 17.37%3. Additionally, Agtools addresses the growing trend of IoT integration in agriculture4. The use of IoT devices for monitoring soil conditions, weather, and crop health is becoming more prevalent, particularly in North America, where the ATaaS market is expected to grow at a CAGR of 16.44% from 2023 to 20325.

Agtools’s solutions include IoT-based monitoring systems that provide farmers with critical insights to manage their operations more effectively. The company is also part of the trend towards automation and AI, which, according to McKinsey & Company, can lead to significant cost reductions and is imperative for maintaining competitiveness6.

By investing in Agtools, Angeles is supporting a company that is not only helping farmers modernize practices, enhance efficiency, and improve sustainability but it is also poised to capitalize on significant market growth. Agtools’s mission to ensure sustainability and enhance productivity within the agricultural sector aligns perfectly with Angeles’ commitment to fostering innovation and driving positive change in critical industries.