AgriTech AgriDigital, which is on a mission to grow the value of grain by building the best digital grain management and finance platform for the world’s farmers, grain buyers and traders, has raised $25m.
Started by farmer co-founders Bob McKay, Ben Reid and Emma Weston, AgriDigital said it powers trust in the global grain supply chain through its combined inventory management software and finance platform.
Since its founding, AgriDigital said it has grown to be the largest digital grain management platform in Australia with 15% of all grain produced here being transacted at the sale, delivery or storage point through the platform; and over 14,000 users.
CEO and Co Founder, Emma Weston confirmed that the round, which is a mix of debt and equity, enables the company across both the technology and finance landscapes.
“Our focus is to ensure that all of the grains industry has access to the tools for growth in the digital age. This means grain management software that operates in real-time, can be used in the paddock, the office or at the weighbridge by all of a farm or grain company’s employees, and that enables our customers to collateralise their grain assets to get same day access to working capital,” Weston said.
Weston added that the capital will support AgriDigital to improve the experience for its existing customers to accelerate onboarding for new users so that they can get their work done as efficiently as possible for the lowest cost in terms of time, reduced errors and training time, improved decision-making and reporting.
Copyright © 2022 FinTech Global
