Agworld, a Perth, Australia-based information management and cloud collaboration software for the agricultural industry, raised an AU$6m Series C round of financing.
The round was led by Reed Elsevier Ventures with participation from existing investor Yuuwa Capital.
The funding, which brings the company’s total equity raised to AU $12m, will be used to support its expansion into the North American agricultural market while continuing to enhance the core product offering across the value chain for the Australian market.
Led by Doug Fitch, CEO, Agworld provides a centralized software platform for each participant involved in the crop production process, allowing for real-time collaboration and management of critical information, activities and recommendations throughout the crop production cycle. Features include decision-making tools such as comprehensive crop production plans, geospatial data interrogation, agronomist recommendations, and financial and crop performance reporting.
It is used by more than 12,000 farmers in 5 countries.