Growers Edge Closes $40 Million Series B to Bring Ag-Tech Innovation to More Farms
Growers Edge Financial, Inc. has announced the close of a $40 million Series B round of financing to accelerate the development and market penetration of its innovative financial technology products, solutions and tools for the ag industry. Led by S2G Ventures, Cox Enterprises, and Skyline Global Partners, the round will allow Growers Edge to help more growers de-risk ag-tech adoption and boost profitability with its customized financial risk management solutions. New strategic investor Bunge Ventures, the venture capital arm of global agribusiness and food company Bunge Limited, and existing investor Finistere Ventures also joined the round.
“Agriculture fintech is core to the future of sustainable farming,” said Josh McClung, director of Cleantech Strategy and Investments for Cox Enterprises. “By providing products that enable farmers’ long-term resiliency, we are targeting the foundational needs of farmers – financial and environmental health. We believe these solutions can fundamentally change and accelerate the trajectory of agriculture’s technology adoption and impact sustainability on a global scale.”
Recognizing the value that innovative technology can bring to the agricultural industry, Growers Edge helps eliminate the financial risk of ag-tech adoption for farmers. Growers Edge gives farmers access to tailored financial solutions that provide the economic incentives and data-backed prescriptions needed to effectively deploy ag-tech tools that can help them thrive in any economic climate.
Continue reading at Globe Newswire.
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