Bushel, a Fargo, ND-based provider of a digital platform connecting farmers and agribusinesses, raised $26M in funding.
The round was led by The Banc Funds Company with further support from new and existing investors including 50 South Capital, The Andersons, Inc., Cargill, Germin8, Lewis & Clark AgriFood, The Scoular Company, and Conti Ventures. Christopher Hopkins, Fintech Portfolio Manager at The Banc Funds Company, joined Bushel’s board of directors.
The company intends to use the funds for continued development of software products and features that create value for farmers, grain buyers, ag retailers, protein producers, and food companies.
Founded in 2011 and led by CEO Jake Joraanstad, Bushel provides software technology solutions for farmers, grain buyers, ag retailers, protein producers, and food companies. The software digitizes, permissions, and accelerates the flow of information, transactions, and payments through secure mobile and desktop applications. Since its launch in 2017, the agriculture platform has grown rapidly, empowering more than 2,600 grain and ag retail facilities across the U.S. and Canada with real-time business information for their producers. The platform includes its flagship mobile app, websites, trading tools, digital payments and money facilitation, market feeds, API services, farm management software, and a professional services division focused on agriculture. It complies with SOC 2 standards and debit card transactions over PCI-certified networks.
FinSMEs
22/08/2023