Crop Pro Insurance, a Des Moines, Iowa-based agriculture-focused insurance provider, raised $8m in Series A funding.
The round was led by Finistere Ventures and Seed 2 Growth Ventures with participation from GuideOne Insurance. In conjunction with the funding, Sanjeev Krishnan, CIO and managing director, at S2G Ventures, and Arama Kukutai, managing director and co-founder at Finistere Ventures, will both join the Crop Pro Board.
The company will use the funds to expand its team and speed the development of products and services.
Led by Chairman Billy Rose and President Joe Young, Crop Pro Insurance is a technology company that serves the traditional crop insurance market while developing and providing risk management solutions that address emerging markets, preparing agents and growers for future changes in agriculture.
Crop Pro, a Managing General Agent (MGA) platform specializing in Federal and private crop insurance, currently operates in the Mid-West states through a network of independent agents.