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
Roo-Up with pulled pork or bite into Big Salvy: Ding Dong Dogs debuts at KC Streetcar’s mouthwatering last stop
Matt McLain longed for the hot dogs he grew up eating as a young baseball fan in Chicago. His just-off-the-roller, quick-serve hot dog restaurant near UMKC and the extended KC Streetcar line squirts a dinger of nostalgia in an emerging destination known for elevated fare. It’s an opportunity McLain relishes, the Ding Dong Dogs owner…
Beach volleyball heavyweights, Olympians hitting KC sand for George Brett showdown
Serial entrepreneur Lance Windholz hopes a high-profile weekend beach volleyball tournament — showcasing 24 professional players, including seven Olympians — will encourage more Kansas City athletes and enthusiasts to dig the sport he loves. The George Brett 4v4 Volleyball Showdown arrives Saturday, Sept. 13, at Shawnee Mission Beach Volleyball. Two amateur teams are set to compete…
KC-built AI command center helps businesses gain superpowers without losing their tech stack
First envisioned as an AI-powered agent built to streamline operations at Kansas City-based Plexpod’s coworking spaces, Intuidy has evolved into its own operating system; one that is transforming the way companies operate, co-founder Grayson Smith said. Vantage — Intuidy’s flagship platform launched in early 2024 with the help of Smith’s brother, Gentry — is a…
Peek inside: This new coworking space on Troost opens doors to belonging (and a rooftop view)
A search for new office space turned into a bigger opportunity to connect for founder Jeff Wagner, who launched Belong Space as a coworking community within a resurgent hub along Troost. Its mission is in the name. “It’s very difficult to find office space that’s in a qualified HUBZone neighborhood,” said Wagner, founder and CEO…