202328 Aug

Bushel Secures $26 Million to Accelerate Digitization in Agriculture

Summary

This investment will support Bushel’s continued development of software products and features that create value for farmers, grain buyers, ag retailers, protein producers, and food companies. “Bushel’s connectivity with thousands of farmers, grain elevators, and ag retailers presents a unique opportunity to embed digital payment functionality across the granular, paper-based, agricultural industry. “With this funding, we will strategically allocate capital to maximize our growth and success, further enhancing our product offerings and delivering even greater value to our customers.” Creating value through the Bushel Network Since its previous funding round in April 2021, Bushel introduced additional industry-leading software products and services that address inefficiencies, drive increased revenue through more grain procurement offers, reduce costs from outdated payment methods, and enhance the customer experience throughout the agricultural supply chain. • Expanded agribusiness and farmer customer base: Bushel has seen significant adoption of its services by leading companies in the agriculture sector, as well as individual farm operations. • Continued commitment to security: Bushel is SOC 2 Type II compliant, reaffirming its dedication to safeguarding confidential information and customer data in agriculture.

Source: Globalagtechinitiative

Funding

$26M
Amount
Aug 22 2023
Date
-
Investor
Bushel
Company

Classifications

Companies