Crop Pro Raises $8M in Series A
Des Moines-based Crop Pro announced it has raised $8 million in a Series A round led by agriculture investors Finistere Ventures and Seed 2 Growth Ventures (S2G), with participation from specialty insurer GuideOne Insurance . Crop Pro will use the investment to expand its team and speed the development of products and services that bridge the gap between agricultural and financial technologies. Also, the company announced that it is the first Ag venture-funded insurance provider to earn approval from the US Department of Agriculture (USDA) to offer Federal crop insurance products to farmers.
Don’t be Fooled by Appearances
The company offers agents a simplified processing system designed to provide all the tools needed to maintain a policy in one easy to use integrated platform. Agents can enter new policies, report production or acres, or submit loss notices; all via the company’s platform called Pro Processing. Also, agents have access to Pro Mobile for on-the-go data from one’s smartphone:
Bottom Line: led by Billy Rose.