Farming isn't an occupation people choose for the large margins and simplicity. It's a complex feat to turn a profit in times when working capital is at its lowest level in ten years and commodity prices are struggling.
Posts by Jerrod Westfahl:
WAUKEE, IA - AgriSync, Inc., an Iowa-based Agtech firm, has raised Seed funding from venture investors to support its growth plans. Innova Memphis led the investment via its Innova Ag Innovation Fund IV, a USDA Rural Business Investment Program licensed fund with several Farm Credit Banks as limited partners. Innovation in Motion (iiM), Innovative Livestock Services, Ag Ventures Alliance, Twelve 19 Ventures, Farm Journal and others joined the round.
Building a great company depends on bringing a lot of the right parts together. For AgriSync, that includes the right funding partners. From the outset, we looked for financial backers who understand production agriculture and believe that better collaboration tools will improve farming. The past couple years, many ag tech startups brought experienced angel investors on board but few found backers with hard-core ag understanding.