Growers Edge Secures $25M Investment to Propel Climate-Smart Farming Solutions in Agri-FinTech
Growers Edge, a leading FinTech company dedicated to the agriculture sector, has successfully secured $25 million in a recent funding round aimed at enhancing its innovative financial services. This funding will enable the company to further support ag retailers, manufacturers, and lenders through tailored financial solutions.
Funding Details and Key Investors
The funding round was co-led by prominent investors including S2G Investments, Cibus Capital, and Lowercarbon Capital. Additional support came from Otter Creek, iSelect, and Jeff Ubben, founder of ValueAct Capital.
Innovative Financial Solutions for Agriculture
Headquartered in the United States, Growers Edge provides a comprehensive suite of financial tools designed to mitigate risk and foster innovation in farming practices. Their offerings include:
- Crop Plan Warranty Program
- Land and Climate Intelligence Tools
- Digital Mortgage Lending Products
- Input Lending Solutions
Scaling Operations and Promoting Sustainability
The recent capital infusion will assist Growers Edge in scaling its operational platform and expanding partnerships with agricultural retailers and lenders. A primary goal of this initiative is to enhance the adoption of climate-smart farming practices, thereby facilitating the industry’s shift towards more sustainable practices.
Recent Achievements
In the past few months, Growers Edge has made significant strides:
- Expanded its farmland valuation platform to cover over 144 million acres.
- Protected more than one million acres through the Crop Plan Warranty program.
- Acquired AQUAOSO Technologies to bolster its data and intelligence capabilities.
Leadership Insights
Matt Hansen, CEO of Growers Edge, shared, “This milestone is a testament to the creativity and tenacity of our incredible team. They’re the true innovators who continue to transform complex challenges into real-world solutions for growers, retailers, and lenders.”
Addressing Financial Risks in Agriculture
Jeff Ubben, founder of ValueAct Capital, emphasized the importance of Growers Edge’s mission, stating, “Growers Edge is tackling one of the most critical barriers to agricultural innovation – financial risk. Their solutions provide ag retailers, lenders, and growers with the critical tools they need to embrace sustainability at scale, creating a clear path to profitability and innovation.”
For more information about Growers Edge and their innovative solutions in agriculture finance, visit their official website at Growers Edge or check out related articles on Agriculture.com.
