Ecoagro

What Ecoagro does

Ecoagro is a Brazilian financial services group headquartered in São Paulo that connects the agribusiness production chain to capital markets, primarily through the structuring and issuance of CRA (Certificados de Recebíveis do Agronegócio) — agricultural credit receivables securities. Founded in 2007, the group operates through four wholly-owned business units: Eco Securitizadora (Brazil's first agribusiness securitizer, established 2009), Eco Gestão de Ativos (asset management for FIAGROs, FIDCs and other agribusiness investment funds, established 2010), Eco Consult (financial consulting), and an M&A division that was strengthened in 2024 through the Condere Ecoagro joint venture.

The platform's core technology is a financial-securities structuring capability that combines proprietary origination, structuring methodologies and legal/regulatory expertise with privileged relationships among major Brazilian investment banks (BTG Pactual, XP, Bradesco BBI, Itaú BBA, Santander, Daycoval, Inter, UBS BB), fiduciary agents (Oliveira Trust) and law firms (Pinheiro Neto, Santos Neto, Machado Meyer, BMA Advogados). Ecoagro complements private CRA placement with public listed vehicles such as the EGAF11 FII co-managed with Multiplica, and runs Radar Ecoagro as a market intelligence and reporting platform serving both issuers and investors.

Ecoagro generates revenue from two principal streams: (1) transaction fees tied to the structuring, issuance and servicing of CRA securities — the dominant revenue line — and (2) recurring asset-management fees from managed investment funds including FIAGROs, FIDCs, and EGAF11, supplemented by M&A advisory fees from the Condere Ecoagro JV. The firm serves a B2B client base of agricultural producers, processors, cooperatives and large agribusiness enterprises (e.g., BRF, Caramuru Alimentos), with institutional investors as the indirect customer on the buy side. Go-to-market is sales-led and relationship-driven, anchored on institutional distribution partnerships. Ecoagro had accumulated R$ 98.09 billion in CRA emissions across 447 transactions through May 2026, claiming the leading market share in Brazil by both volume and number of issuances.

Name

Ecoagro

Legal name

Ecoagro

Website

https://ecoagro.agr.br

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Ecoagro is a Brazilian financial services group headquartered in São Paulo that structures and issues CRA agribusiness receivables securities, manages FIAGRO and FIDC investment funds, and provides agribusiness-focused M&A advisory, serving agricultural producers, processors, cooperatives, and institutional investors.

Ownership category

akta.pro rank

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Securitization Fees: Revenue generated from structuring and issuing CRA securities for agribusiness clients, including issuance fees and ongoing servicing fees
2. Asset Management: Management fees from managing investment funds including FIAGROs, FIDCs, and EGAF11 fund

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ecoagro structures and issues CRA (Certificados de Recebíveis do Agronegócio) securities that connect agribusiness producers, cooperatives, processors, and large industries directly to Brazilian capital markets. Through subsidiaries including Eco Securitizadora (securitization), Eco Gestão de Ativos (fund management — FIAGROs, FIDCs, EGAF11), and a Condere Ecoagro M&A joint venture, the company delivers structured financing, investment fund vehicles, and M&A advisory exclusively for the agribusiness sector.

Product overview

Ecoagro operates as a diversified financial services platform for the Brazilian agribusiness sector, consisting of multiple specialized subsidiaries and products. The core offering centers on CRA (Cédula de Crédito do Agronegócio) — agricultural credit securities that connect producers and companies to capital markets — supported by investment fund products (Fundos, FIAGROs, FIDCs) and M&A advisory services. The platform is structured around four main business units: Eco Securitizadora (the first agribusiness securitizer in Brazil), Eco Gestão de Ativos (asset management), Eco Consult (strategic consulting), and the M&A division through the Condere Ecoagro joint venture. Supplementary services include an investment platform, Radar Ecoagro for market intelligence, and the listed fund EGAF11 co-managed with Multiplica. With R$ 80+ billion in CRAs issued, Ecoagro is Brazil's largest agricultural securitizer, pioneering the first public CRA issuance and first green CRA in the country.

Differentiator

Problem solved

Functional benefit

Brands

• EGAF11: Investment fund managed by Eco Gestão de Ativos with co-gestão from Multiplica
• CRA Verde
• Radar Ecoagro

Products and services

• CRA (Certificados de Recebíveis do Agronegócio / Cédula de Crédito do Agronegócio) Agricultural credit securities (CRAs) that enable direct access of the agribusiness production chain to Brazilian capital markets, allowing producers, cooperatives, processors, and large agribusiness companies to obtain financing through structured receivables-backed securities issuance.
• Fundos de Investimentos (Investment Funds — FIAGROs, FIDCs, EGAF11) Capital-markets investment fund vehicles that provide flexibility and speed of structuring for the agricultural sector, including FIAGRO (Fundo de Investimento em Agroindustrialização), FIDC (Fundo de Investimento em Direitos Creditórios), and the listed EGAF11 fund co-managed with Multiplica; offering customized solutions for large industries, cooperatives, and input distributors.
• M&A (Mergers & Acquisitions Advisory) Domestic and international mergers and acquisitions advisory services with 100% focus on agribusiness, delivered through the Condere Ecoagro joint venture established in 2024 that combines Ecoagro's securitization expertise with Condere's M&A capabilities.
• Plataforma de Investimentos Online investment platform enabling investors to access and track Ecoagro-structured agricultural credit securities and fund investments.
• Radar Ecoagro (market intelligence reports) Research, report and news platform providing market intelligence, CRA emission updates, macroeconomic analysis, and investor reporting (including EGAF11 monthly video reports) for the agricultural sector and capital markets.
• 447th CRA Issuance with BRF (R$ 1.2 billion) Specific R$ 1.2 billion CRA transaction with BRF (a major Brazilian food company), representing Ecoagro's 447th CRA issuance; used by BRF to access capital-markets funding for food production and distribution.
• 441st CRA Issuance with Caramuru Alimentos (R$ 600 million) Specific R$ 600 million CRA transaction with Caramuru Alimentos (a major Brazilian soybean, corn, sunflower, and canola processor); represents Ecoagro's 441st CRA issuance for soybean, corn, sunflower, and canola processing financing.

Quantifiable outcome

• R$ 98.09 billion in accumulated CRA emissions
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Machado MeyercoreImplementation/ SI/ Consulting Partner · 20 May 2026Legal counsel for the BRF CRA structuring.
• BMA AdvogadoscoreImplementation/ SI/ Consulting Partner · 20 May 2026Legal counsel for the BRF CRA structuring.
• ToagrominorStrategic or Co-development Partner · 12 May 2026Partner for Agrotins 2026 exhibition, participating together at one of the main agribusiness events in Brazil.
• Pinheiro Neto AdvogadoscoreImplementation/ SI/ Consulting Partner · 25 March 2026Legal counsel for CRA structuring, providing legal advisory services for the emissions.
• Santos Neto AdvogadoscoreImplementation/ SI/ Consulting Partner · 25 March 2026Legal counsel for CRA structuring, providing legal advisory services for the emissions.
• MultiplicacoreStrategic or Co-development PartnerCo-manager of EGAF11 fund along with Eco Gestão de Ativos, providing multi-managers investment strategies.
• Condere EcoagrocoreStrategic or Co-development PartnerJoint venture created in 2024 focused on M&A operations for agribusiness, combining Ecoagro's securitization expertise with Condere's M&A capabilities.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Octante Securitizadora: Brazilian securitization company that structures and issues receivables-backed securities, operating the same intermediation model as Eco Securitizadora and competing for the same issuer mandates.
• True Securitizadora: Brazilian securitizer focused on structuring and distributing asset-backed securities, directly comparable to Ecoagro's Eco Securitizadora subsidiary in product offering and target issuers.
• Vert Securitizadora: Brazilian securitizer that structures CRAs and other receivables-backed instruments, providing parallel competition to Ecoagro in the agribusiness capital markets space.
• Ápice Securitizadora: Brazilian securitization firm operating in agribusiness and corporate receivables, comparable to Ecoagro in structuring CRA and similar fixed-income securities for the Brazilian market.
• Brazilian Securities: One of the established Brazilian securitizers, offering CRA and other receivables-backed structures; directly comparable in intermediating between issuers and capital markets investors.

Broad incumbents

• BTG Pactual: Largest Brazilian investment bank and frequent lead coordinator for Ecoagro's CRA issuances; competes broadly across Brazilian capital markets and has the capability to vertically integrate CRA structuring in-house.
• Itaú BBA: Major Brazilian wholesale bank that participates as co-coordinator in Ecoagro's CRA deals; a broad incumbent with full-service capital markets capabilities that could substitute for Ecoagro's structuring role.
• XP Inc. Leading Brazilian investment platform and lead coordinator for Ecoagro's BRF CRA; a broad incumbent with distribution scale that competes for the same agribusiness issuer relationships.

Regional players

• Hix Capital: Brazilian asset manager specialized in agribusiness, comparable to Ecoagro's Eco Gestão de Ativos subsidiary in managing FIAGRO-style investment vehicles for the agribusiness sector.

Others

• Vinci Partners: Brazilian alternative asset manager with agribusiness exposure; thematically related as a potential competitor or partner in the Brazilian agribusiness capital markets ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/p/DWY_ayqlT08/?img_index=1
• Xx.com/ecoagrobr

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ecoagro