Farmers Business Network Raises $110 Million for Crowdsourced Agriculture — in WSJ PRO Venture Capital

November 30, 2017

Com­pany has raised over $200 mil­lion to date

Farmer’s Busi­ness Net­work Inc., a dig­i­tal plat­form that crowd­sources a range of agri­cul­tural data and ser­vices, has raised $110 mil­lion in Series D funding.

T. Rowe Price Group and Temasek led the round, which was joined by exist­ing investors DBL Part­ners, Kleiner Perkins Cau­field & Byers and GV. The lat­est financ­ing brings the company’s total raised to date to over $200 million.

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DBL Investors Man­ag­ing Part­ner Nancy Pfund, who sits on FBN’s board and has been an investor in each financ­ing round, said she saw not just a com­pany, but a plat­form for a series of busi­nesses all aimed at lev­el­ing the play­ing field for farmers.

It allows com­mu­ni­ca­tion between high tech and farm­ers, but on the farm­ers’ terms, not Sil­i­con Valley’s. ” Ms. Pfund said. “This can lead to all kinds of mod­ern­iza­tion and sus­tain­abil­ity results.”

To read the full arti­cle, please visit WSJ Pro Ven­ture Cap­i­tal.

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