• General
  • August 3, 2020
  • 3 minutes read

Farmers Business Network Nabs New Funding

Farmers Business Network CEO Amol Deshpande. Photo credit: Stuart Isett/Fortune, under Creative Commons license Farmers Business Network, a San Carlos,…

Farmers Business Network CEO Amol Deshpande.

Photo credit: Stuart Isett/Fortune, under Creative Commons license

Farmers Business Network, a San Carlos, California-based agricultural tech company, has announced it’s secured $250 million in Series F funding led by investment firm BlackRock, with participation from the likes of Lupa Systems, Baron Capital Group, T. Rowe Price, Mandi Ventures, GV, Kleiner Perkins, and businessman Ron Shaich. According to reports, the new funding came at a valuation of $1.8 billion. It adds up the total amount of funding that Farmers Business Network, fondly referred to as FBN, has raised since its inception to about $620 million. The company says it’ll put the new funding towards expanding its operations.

Farmers Business Network is a peer-to-peer analytics and e-commerce platform for farmers based in the US, Canada, and most recently, Australia. Currently, the company has over 12,000 farmers, representing more than 40 million acres of farmland, registered on its platform. Examples of peer-to-peer, or more aptly for this case, farmer-to-farmer services offered on the Farmers Business Network platform include crop marketing, insurance, and financing.

Farmers Business Network was founded by two entrepreneurs, Amol Deshpande and Charles Baron, in 2014. The company has since grown to currently employing more than 600 persons across offices in the US, Canada, and Australia.




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