Bushel closes $19.5M Series B investment round to accelerate new software solutions for agriculture industry
Bushel provides real-time account information directly to growers by integrating into a grain elevator’s accounting system and market feeds.
Bushel, a Fargo, N.D.-based provider of software technology solutions for growers, grain buyers, protein producers and food companies, announced the closing of its $19.5 million Series B investment led by Continental Grain Co., New York. Participation from additional investors includes Lewis & Clark AgriFood, Germin8 Ventures, Chicago, and more, including previous investors. The capital and partnership of the syndicate will accelerate new offerings for the grain industry and the broader agriculture supply chain.
The investment brings the total capital raised by the company to over $28 million since 2015, which has enabled several new software products and strong revenue growth. The company will use the capital to build upon its grain industry technology and accelerate additional product offerings across the agriculture supply chain, including technology and solutions that improve profitability and market access for growers of all sizes. Additionally, Bushel aims to provide efficiency and insights for financial services and farm management companies across the value chain, link in-season production data and sustainable practices with downstream traceability and enable direct and local sourcing of grains and other crops.