aWhere closes $7M campaign on AgFunder - AgFunderNews
Summary
aWhere, a Denver, CO based big data analytics company focused on the Ag industry, Elixir Capital, a private equity fund based in Silicon Valley and AgFunder, a New York and San Francisco-based online investment marketplace for agriculture and agtech opportunities, today announce the successful close of aWhere’s oversubscribed $7 million round. The investment will help aWhere bring its data analytics platform to international markets and help farmers increase yields and profitability as they incorporate cutting-edge technology into their growing operations. aWhere’s entry into Asia allows one of the largest agricultural production regions in the world to take advantage of the power of data analytics to increase yield, efficiently allocate resources and significantly lower the industry’s environmental impact.” said Abrar Hussain, Managing Director of Elixir Capital. “AgFunder was an important partner — although there are numerous crowdfunding sites which focus on small investments from individual contributors, AgFunder’s platform proved itself to be an excellent source for institutional investors like Elixir to find growth-stage investment opportunities.” Elixir Capital is a private equity fund based in Silicon Valley with offices in Kuala Lumpur and Jakarta. AgFunder is one of a number of online investment marketplaces that have launched since the passage of the JOBS Act, which expands the opportunities for companies to market to Accredited Investors.