Document: FarmLink raises additional $24.6M for ag tech
January 19, 2016 | Bobby Burch
Ag tech startups in Kansas City are plowing a promising 2016.
Kansas City-based FarmLink recently secured nearly $24.6 million in investment capital for its farming technology, according to a Securities and Exchange Commission filing.
The company offers a suite of tech services for farmers, including analytics platform TrueHarvest and machinery sharing platform MachineryLink Sharing.
TrueHarvest is a yield benchmark tool that helps farmers validate the impact of environmental variables to optimize production of crops. Through the MachineryLink platform, farmers can pay to use farm equipment when needed and also earn money for renting their equipment when it’s not in use. FarmLink says that lessees will have on-demand access to an inventory of equipment at varying costs, offering them enhanced flexibility, cash flow and revenue.
FarmLink has raised about $67.8 million in capital to date with OpenAir Equity Partners as its primary investor. Founded in 2010, the company has 80 employees and was co-founded by Ron LeMay, David Govert and David Forsee.
FarmLink’s most recent raise comes on the heels of another local ag tech success story. Farmobile announced in December that it raised $5.5 million in a Series A round from a large Amsterdam-based venture capital firm. Founded in 2013, Farmobile invented a device — or Passive Upload Connection (PUC) — that plugs into a tractor’s diagnostic port to collect a variety of farming data, such as info on planting, spraying, fertilization, harvest, fleet management and more.
2016 Startups to Watch
stats here
Related Posts on Startland News
Voodoo Volleyball bounces back in OP: Father-daughter duo doubles as new venture’s setters
Quinn Austin put several sports to the test as a preteen — racing from basketball practice to softball to volleyball. But she latched on to just one. “Volleyball. It was my sport. Everyone was having a good time,” she said. “We just loved the cheers — a cheer when we got a hit, a cheer…
Black farmers are losing ground in the fight to feed their communities, advocates say
More than a century of systemic land dispossession and discriminatory practices has left Black farmers with less than 0.6 percent of U.S. farmland — less than a third of the 16 million acres they operated in 1910, according to local urban farming advocates. They gathered Tuesday at Independence Boulevard Christian Church to confront this history…
Cracking egg-flation: How farmers, substitute ingredients help restaurants mitigate price spike
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. Whether ordering an omelet, French toast, chicken n’ biscuits, chilaquiles, corned beef hash…
Soccer tennis comes to KC ahead of World Cup; here’s how a weekend street festival is kicking it across the map
Ryogoku Soccer Academy — with the help of local businesses like MADE MOBB, Café Ollama, and Café Cà Phê — is taking soccer from the pitch to the streets of Kansas City’s historic Northeast, Brad Leonard shared. As the metro gears up for hosting World Cup games in 2026, the neighborhood-based international school and soccer…