The funding comes on the back of massive growth for the company and will be used to expand the FarmLogs team as they execute on an aggressive product roadmap for 2014. Open positions are available on the FarmLogs jobs page.
“We are very excited about the trajectory we are on, and having additional support and resources will continue to accelerate our growth,” said Jesse Vollmar, CEO and co-founder of FarmLogs. “We’ve helped thousands of farmers around the world take advantage of technology, and with their feedback and suggestions they’ve helped us create a smarter future for farming.”
More than 5% of row-crop farmers in the United States are using their product. Farmers in all 50 states and 130 countries are using the product to manage and analyze the large amounts of underutilized data collected from their fields in order to make smarter, more efficient and more profitable farming decisions. FarmLogs’ intuitive web and mobile apps provide meaningful insights and help break down the barriers that the farming industry and big hardware manufacturers have put in place.
Drive Capital co-founder and partner Mark Kvamme will be joining the company’s board of directors. Prior to founding Drive Capital, Kvamme was a partner at Sequoia Capital for 12 years where he led investments in Linkedin, MarkLogic, Cast Iron and more.
“FarmLogs is giving farmers the technology to optimize their business that was only available to Fortune 500 businesses just a couple of years ago,” said Mark Kvamme. “We’re honored to be partnering with the exceptional entrepreneurs at FarmLogs solving such important problems for the world’s farmers.”