Bushel, a Fargo, ND-based provider of a patent-pending digital platform for the grain industry, raised $7m in funding.
The round was led by private investors in the agriculture and software industries.
The company intends to use the funds to to expand its reach; accelerate new features, research and development and customer success; and continue evaluating strategic acquisition opportunities.
Led by CEO Jake Joraanstad and chairman Ryan Raguse, Bushel provides a cloud-based grain industry’s software platform that allows grain elevators, cooperatives and ethanol plants to connect with their growers digitally to provide real-time information and payment capabilities. Offered through business-branded apps, Bushel includes real-time scale tickets, contracts, pre-pays, cash bids, e-sign, and now contract management.
The platform is powered by a proprietary translator developed by Myriad Mobile, an enterprise software technology company focused on mobile and web applications.