Conservis Raises $10m in Debt to Fund Partnerships Ahead of Equity Raise in 2016 - exclusive
Summary
The debt will provide bridge funding until the company raises a new equity round next year, Patrick Christie, CEO, told AgFunderNews. The company, which launched in 2009 to help farmers with workflow management, will draw down the bridge financing as needed for expansion into new geographies and to fund new industry partnerships, according to Christie. aWhere also recently announced a partnership with Sage Insights, the new joint venture between John Deere and DN2K, the company behind MyAgCentral, a cloud-based data platform for growers. We take that data and integrate it into a platform for him.” There are a lot of agtech startups that could make good partners for Conservis, but how does Christie pick the winners? Conservis, which raised $16.7 million in Series A funding, counts Cultivian Sandbox, Middleland Capital and Heartland Farms among its investors.
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