Farmers Business Network (FBN), a farmer-to-farmer information network, today announced the company has closed $15 million in funding led by Google Ventures.
FBN intends to use the new funding to grow its platform nationally and work with more farmers. “Farmers have been advising each other for thousands of years. FBN gives them a platform to do so with real information on a massive scale, so they can make the most informed decisions,” said FBN Co-Founder Charles Baron. “This funding will allow us to reach even more farmers in more crops, so they can make the best decisions for their land.”
Baron with CEO Amol Deshpande founded the company with other agriculture and technology veterans in 2014 to connect farmers around the globe in an independent information-sharing network. “It is rare to find a team that bridges the gap between Silicon Valley tech smarts and expertise in agricultural markets,” said Andy Wheeler, General Partner at Google Ventures, who will now will join FBN’s Board of Directors. “Today, there are greater opportunities for farmers to scale their businesses than ever before, and we’re excited to work with the FBN team as they help build the next wave of productivity in agriculture.”
With FBN, farmers get advanced analytics – comprehensive yield benchmarking, real world seed performance and matching on over 490 varieties, practice analytics – all from anonymous information from real farmers. FBN can integrate over 35 different formats of farm data, clean and standardize it, then network thousands of fields together. In just six months, FBN has analyzed 7 million acres of data in the United States, and has been growing at 30% per month. Now, with this national launch, the company will connect more farmers on its network, leading the network to become more insightful than ever before.
FBN is based in San Carlos, California with a Midwestern Headquarters in Davenport, Iowa and an office in Sioux Falls, South Dakota.