Arable, a San Francisco, CA-based provider of data solutions for agriculture, closed a $20M Series B funding.
The round was led by Prelude Ventures, with participation from M2O, AVG’s Nassau Street Ventures, and Tridon, as well as investment from existing investors including S2G Ventures, Middleland Capital, Ajax Strategies, and Chase Field. In conjunction with the funding. Mark Cupta, Managing Director at Prelude, is joining Arable’s board.
The company intends to use the funds to accelerate their global commercial growth, as well as build out the next phase of their predictive data products.
Led by Jim Ethington, CEO, and Adam Wolf Arable, Founder & Chief Scientist, Arable helps agriculture companies to optimize decisions and understand crop outcomes through data. The company’s integrated hardware, agronomic modeling, and software suite enables farmers, agronomists, researchers, processors, and food companies to understand the full crop system at the plant, field, and region level, which helps to reduce risk, improve productivity and optimize for sustainability.
FinSMEs
30/10/2020