Agrona
Company

Last deal

$60.K

Amount

Pre-Seed

Stage

03.03.2019

Date

2

all rounds

$76.6K

Total amount

General

About Company
Agrona is an innovative company that creates green-based composites.

Industry

Sector :

Subsector :

founded date

01.01.2017

Number of employees

Company Type

For Profit

Last funding type

Pre-Seed

IPO status

Private

Description

The company specializes in manufacturing chipboard, which accounts for 60% of the global wood-based panel products. Agrona's technology is aimed at reducing costs by more than thirty percent, while also addressing issues such as seasonality, high energy consumption, and low quality. The chipboard market in Egypt is worth over 1 billion EGP and has been growing by double every year in the last decade, with 90% of current consumption being covered by imports. Agrona's chipboard can be used for general applications, furniture use in dry conditions, non-load bearing applications in humid conditions, and load-bearing applications in dry conditions.
Contacts