Farmers Edge nets $58 mln in round led by Mitsui, Kleiner Perkins
Farmers Edge Precision Consulting Inc has received $58 million in follow-on financing. The round was led by existing investors Mitsui & Co Ltd, U.S. venture capital firm Kleiner Perkins Caufield & Byers and Osmington Inc. As a result, Mitsui's Kenji Otake will join the company's board of directors. Winnipeg-based Farmers Edge is a provider of precision agriculture and data management solutions. It plans to use the proceeds of the latest investment to expand the company's data science team, new product development, and growth into South America, Australia and Eastern Europe. Founded in 2005, Farmers Edge is also backed by Canadian venture capital firm Avrio Capital.
27 January 2016•5 mins read
