What is Bushel?
Founded in 2017, Bushel operates as an independently owned software company, offering a suite of technology solutions tailored for growers, grain buyers, protein producers, and food companies. The company's platform aims to streamline operations and enhance data management within the agricultural supply chain. Bushel's strategic positioning in Fargo, North Dakota, places it at a key nexus of agricultural activity in the United States.
How much funding has Bushel raised?
Bushel has raised a total of $101.5M across 5 funding rounds:
Series A
$7M
Series B
$19.5M
Debt
$2M
Series C
$47M
Other Financing Round
$26M
Series A (2018): $7M, investors not publicly disclosed
Series B (2019): $19.5M led by Germin8 Ventures, CGC, and Lewis & Clark Venture Capital
Debt (2020): $2M supported by PPP
Series C (2021): $47M featuring Lewis & Clark AgriFood, Cargill, Scoular, Germin8 Ventures, and CGC
Other Financing Round (2023): $26M backed by The Andersons, Cargill, 50 South Capital, The Banc Funds, and Germin8
Key Investors in Bushel
Lewis & Clark AgriFood
Lewis & Clark AgriFood is a venture capital firm specializing in investments within the agriculture and food technology sectors, likely focusing on companies that can drive innovation and efficiency in the food supply chain.
Cargill
Cargill is a global leader in food, agriculture, financial, and industrial products and services, bringing extensive industry expertise and market access to its portfolio companies.
Scoular
Scoular is a supply chain solutions provider with a long history in agribusiness, offering strategic insights and operational support to companies across the agricultural value chain.
What's next for Bushel?
The recent major strategic investment indicates Bushel is likely in a scaling or expansion phase, leveraging this capital to further develop its technology offerings and broaden its market reach. This financing round is expected to fuel innovation in its software solutions, potentially leading to new product development or enhanced features for its existing client base. The company's continued access to significant capital suggests strong investor confidence in its business model and future prospects within the ag-tech sector.
See full Bushel company page
