Granular Raises $18.7 Mil in Latest Round of Financing

John DavisAgribusiness, computers, Financing, Software

granular1Farm management software and analytics tools developer Granular has raised $18.7 million in the latest round of financing for the company. The California-based company says this will help them in their latest drive to expand.

“We are excited to work with this top group of new and returning investors to become the leading provider of software and analytics to the global agricultural industry,” said Sid Gorham, Granular’s co-founder and CEO. “We are well on our way toward the first step of getting the best 500 producers in North America on the Granular platform and this funding will accelerate our progress.”

Introduced 18 months ago, Granular is expanding its team of software and data science experts in San Francisco, along with a group of farming industry experts deployed near its customers nationwide. The funding will go primarily toward expanding this team to provide more localized support, in addition to extending the product into the specialty crop and livestock segments. The round of funding brings the total capital raised by the company to $25.2M.

“Farming is one of the world’s largest and most important industries, but has been underserved by information technology companies,” said Christopher Olin, Principal at Tao Capital Partners. “We are thrilled to back the Granular team as they use data science to help farms become more efficient businesses and respond to the challenges and opportunities of the future.”

Granular’s farm management software brings together financial, operational and agronomic information in real-time to give growers an accurate view of their operation throughout the entire growing season.