Farmers Business Network Raises $250M in Series F
Farmers Business Network has successfully raised $250M in a Series F at a $3.9B valuation led by BlackRock, Google Ventures.
Company Overview
Farmers Business Network is a AgTech company headquartered in San Carlos, CA, founded in 2014 with 800+ employees.
Agricultural data and e-commerce platform
Fundraising Details
- Amount Raised: $250M
- Round Type: Series F
- Valuation: $3.9B
- Date: 2021-03-24
- Investors: BlackRock, Google Ventures
About Farmers Business Network
Agricultural data and e-commerce platform The company is positioned in the AgTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Carlos, CA
- Founded: 2014
- Team Size: 800+
- Industry: AgTech
What This Means
This funding round demonstrates strong investor confidence in Farmers Business Network's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AgTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Farmers Business Network's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3.9B valuation marks an important milestone for Farmers Business Network, positioning the company among notable players in the AgTech industry.
Looking Ahead
With this new capital, Farmers Business Network is well-positioned to execute on its growth strategy and continue building innovative solutions in the AgTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-03-24. For more information about Farmers Business Network, visit their headquarters at San Carlos, CA.
