Dentons counsels ZoomAgri on loan with IDB Lab
Dentons Rattagan Arocena has counselled ZoomAgri on a loan agreement with IDB Lab, the innovation and venture capital laboratory of the Inter-American Development Bank (IDB), under the Social Entrepreneurship Program (PES).
This agreement aims to optimize the supply chain of agricultural raw materials in Latin America through the consolidation of ZoomAgri, an Argentine platform that has designed and developed technology based on artificial intelligence that enables the rapid recognition of varieties and quality of agricultural raw materials, facilitating industrial, commercial and storage decisions in real time to make these operations more efficient.
The loan will be used to expand ZoomAgri’s solutions in Argentina. Specifically, it will be used to finance working capital, capex, the development of a mobile application for agricultural producers, and research and development of new products.
Dentons’ team was composed of partners Ricardo Balestra (pictured left) and Nicolás Arida (pictured right), counsel David Macchi and senior associate Josefina Viola.
