Arable Labs, Inc., a Princeton, NJ-based data-driven land management company, closed a $4.25m Series A funding.
The round was led by Middleland Capital’s agriculture technology fund and S2G Ventures with participation from new investors Chase Field, Spark Labs and Cantos VC. In conjunction with the funding, Brian Mixer, Managing Director of Middleland Capital, will be joining the Arable Board of Directors.
The company intends to use the new funds to continue to develop its platform.
Led by Dr. Adam Wolf, CEO, Arable has developed and is launching Arable Mark, a weather and crop monitoring IoT device, which is based on a connected hardware platform that enables farmers, advisors, insurers, processors, lenders, and governments to understand facts on the ground in real-time, reducing risk and increasing predictability in the food and ag supply chain.
FinSMEs
27/03/2017