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.
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.”
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