Farmers Business Network Raises Funds at $1.75 Billion Valuation

Bloomberg
By Katie Roof
August 5, 2020

Farm­ers Busi­ness Net­work Inc. says it raised $250 mil­lion in financ­ing to expand its agri­cul­ture tech­nol­o­gy plat­form.

The financ­ing round was led by funds man­aged by Black­Rock Inc., with par­tic­i­pa­tion from investors includ­ing Lupa Sys­tems, T. Rowe Price Asso­ciates Inc.GV and Klein­er Perkins.

Farm­ers are empow­ered because FBN has allowed them to see you’ve been plant­i­ng too many seeds,” said Nan­cy Pfund, man­ag­ing part­ner at DBL Part­ners, about why she invest­ed.

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