Farmer’s Business Network, a San Carlos, CA-based farmer-to-farmer network, raised $110m in Series D funding.
The round, which brings total equity funding to nearly $200m, was led by funds and accounts advised by T. Rowe Price Associates, Inc. and Temasek, with participation from previous investors Acre Venture Partners, Kleiner Perkins Caufield & Byers, GV (formerly Google Ventures) and DBL Partners.
The company intends to use the funds to expand its offerings, including its digital crop marketing, FBN Direct™, and farm analytics services, as well as expand internationally to Canada.
Led by Charles Baron, VP of Product, Amol Deshpande, CEO, Farmer’s Business Network is an independent farmer-to-farmer network. FBN members receive comprehensive farm benchmarking, real world seed performance, input optimization and pricing analytics based on over 115 million acre events of real-world precision agronomic data. The company’s FBN Direct e-commerce platform provides national, transparent pricing on ag chemicals, fertilizers, seeds, technology and services.
Another service, FBN Crop MarketingTM, provides farms premium contracts, production contracts, risk management, and price intelligence powered by a global buyer network.
The company has offices in San Carlos, California, and a National Operations Center in Sioux Falls, South Dakota, and employees spanning 25 states and Canadian provinces.