Farmer’s Business Network, Inc., a San Carlos, CA-based farmer-to-farmer network, raised $40m in Series C funding.
The round was led by GV (formerly Google Ventures) and DBL Partners, with participation from new investor Bow Capital and returning investors Acre Venture Partners and Kleiner Perkins Caufield & Byers (KPCB).
The company, which has raised nearly $88m in funding, intends to use the capital to further expand the network, its analytics offerings, and the FBN Direct farm-commerce platform.
Led by CEO and co-founder Amol Deshpande, Farmer’s Business Network allows farmers to anonymously share data about everything from seed performance to chemical pricing, leveraging data science to help farmers make more informed decisions. FBN members receive comprehensive farm benchmarking, real world seed performance analysis and field-seed matching, data mapping, and pricing analytics based on over 85 million acre events of real-world precision agronomic data. In addition, the FBN Direct platform connects farmers to manufacturer-direct, national and transparent pricing on ag chemicals, fertilizers, seeds, technology and services.
To help its members capture more value for their crops, the company has developed data-driven crop marketing services and is connecting growers directly with a global buyer network.
The company has Midwestern Headquarters in Sioux Falls, South Dakota.