Ecoterra raises $1M from Capibara

Chilean Ecoterra secured a $1 million investment from Capibara Impact Trust, raising its valuation to $16 million. The funding, comprising $500,000 in equity and $500,000 in redeemable equity, enables the founders to mitigate dilution by repurchasing part of the investment with future profits. Ecoterra specializes in a blockchain platform designed to verify the traceability and certification of food products.

The company unveiled its funding simultaneously with the launch of Chile's inaugural organically produced milk, now stocked at Jumbo supermarkets. With the new capital, Ecoterra plans to bolster its presence in Bogotá and Medellín, onboard more producers, broaden its offerings in Colombia's egg, dairy, and coffee sectors, and prepare for a potential expansion into Mexico.

Ecoterra has been operating in Colombia for two years and has witnessed an annual growth rate exceeding 100%. The company generates approximately $5 million in annual revenue, boasts an EBITDA margin surpassing 10%, and collaborates with over 250 producers in both Chile and Colombia.