AmTrust Backs Ag Tech Company Farmobile in Series B
Overland Park-based farm data company Farmobile announced it has raised $18.1M in a Series B round, bringing its total funding to date to $23.6M. Anterra Capital, and AmTrust Agriculture Insurance Services participated in the round.
The company was founded in 2013 by Jason Tatge, whose grandfather was a farmer and has previously told him “Jason, don’t be a farmer”, because everyone takes from a farmer and no one gives….Until Farmobile came along and unlocked the potential of farmers’ data. The company’s technology considered ‘plug and plant’ offers real-time data on farmers’ equipments. There’s also a Farmobile dashboard that can turn one’s machines to storytellers by offering data on speed, planting, spray rates, and crop yields.
This ‘data-as-a-service’ is made possible due to a series of tools and subscriptions sold by Farmobile. Look.
The news follows the investment in Agrible, a Champaign-based farm-monitoring service, that has announced a $9.7M Series B in September.
Bottom Line: farmer power.