Farmobile, an Overland Park, Kan.-based farm data company, raised $18.1m in Series B funding.
Backers included Anterra Capital, AmTrust Agricultural Insurance Services and existing investors.
The company, which has raised over $28m to date, intends to use the funds to expand its data platform.
Founded in 2013 by Jason Tatge, CEO, Farmobile provides a platform for farmers to mitigate risks and generate a revenue stream from data. The company’s technology passively collects a complete and standardized set of agronomic and machine data in real-time across a mixed fleet. Electronic Field Records are automatically generated from the data and are available for farmer retrieval via internet connected devices.
Farmobile also offers a marketplace (the Data Store) for farmers to directly benefit from selling copies of their data to third party buyers.
FinSMEs
27/10/2017