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Farmobile Raises $5.5 Million in Equity Financing
Farmobile, a technology company specializing in farm data, today announced the completion of a $5.5 million Series A round of equity investment, led by Anterra Capital. The financing will be used to develop and distribute new modules on top of the company’s signature real-time “dirt-to-database” platform.
Farmobile’s hardware simplifies data collection from farm machinery. The company’s software provides real-time decision support for planting, spraying, fertilization, harvest, fleet management, and more.
“Data is one of the most valuable things a farmer harvests today,” says Farmobile founder and CEO Jason Tatge. “Today’s announcement is a huge win for farmers around the world who want to put their data to work. Farmers ought to own and directly profit from the information they produce. It’s that simple.”
“We are investing in an experienced team with a superior product that is addressing a large market opportunity,” says Dudley Hawes, Partner at Anterra Capital. “We’ve been looking for technology that can demonstrably make farms more profitable, at scale. Farmobile has both the vision and the grit necessary to spark a revolution in the use of farm data.”
Farmobile offers a neutral place for farmers to collect, store, manage and monetize their agricultural data regardless of the brands and manufacturers in use. With the resources of Anterra and its backers, the company can accelerate its efforts to become a new standard in farm data.
"As we always say,” Tatge continues, “No one should ever know more about a farm than the farmer. Farmobile provides a clear alternative to Big Ag’s vertical data silos. We can’t wait to make a difference for thousands of new customers around the world.”
Learn more at farmobile.com.