From : AgriSync
WAUKEE, IA - AgriSync, Inc., an Iowa-based Agtech firm, has raised Seed funding from venture
investors to support its growth plans. Innova Memphis led the investment via its Innova Ag
Innovation Fund IV, a USDA Rural Business Investment Program licensed fund with several
Farm Credit Banks as limited partners. Innovation in Motion (iiM), Innovative Livestock Services,
Ag Ventures Alliance, Twelve 19 Ventures, Farm Journal and others joined the round.
AgriSync is the leading software provider for agriculture experts to deliver support and
knowledge to the modern farmer. Farmers today rely heavily on their trusted agribusiness
consultants for help adopting and implementing new technologies, practices, and biological
advancements – a network of support resulting from the evolving agriculture industry. The
AgriSync team believes those relationships matter now more than ever and is committed to
helping them reach their full potential. The company’s mobile and web platform is a core tool
enabling the most important element of modern agribusiness — the human element — to have
its greatest impact.
Casey Niemann, AgriSync’s President and CEO, commented on the funding, saying, “We are
thrilled with the investor response we received and how this additional capital will enable us to
expand our marketing, sales and product enhancement efforts. Our early customer growth has
been significant in the equipment, precision agriculture and agronomy service contexts and with
emerging firms using world class service innovation to drive product adoption.” Looking forward
he added, “We are fortunate to have AgriSync subscribers in several countries. We will continue
to focus on expanding our position as an integral element of our clients’ farmer service and
support solutions, providing an almost immediate payback to them and the farm operations they
support.”
Innova Partner Dean Didato joins AgriSync’s board of directors. Other directors are Lee Borck,
Chairman of Innovative Livestock Services, and Niemann. “The AgriSync founding team is
addressing a key success factor under-appreciated by casual observers -- the critical role
effective service, support and expertise plays in farming today,” Didato said. “We continue to be
impressed by the team’s laser focus, their ability to develop and rollout software with capital
efficiency, and the loyal customer base they are building. Farmers and their off-farm experts
need solutions like those AgriSync provides in their arsenal and we are very pleased to be able
to support this team.”
About AgriSync, Inc: AgriSync, Inc. makes cloud-based software for mobile collaboration and
customer support in agriculture. The company's AgriSync® software is licensed to OEMs and
distributors serving farmers, allowing those businesses to easily see, solve, and track support
issues and proactively educate their customers in a mobile-first, video-first manner on any
device. With AgriSync, experts deliver better service to their farmer customers at a fraction of
the cost while helping farmers maximize uptime and accelerate their adoption of essential
innovations. Further information is available at www.agrisync.com.
About Innova Memphis: Founded in 2007 by the Memphis Bioworks Foundation, Innova is a
pre-seed, seed and early-stage venture capital group focused on starting and funding highgrowth
companies in the Biosciences, Technology and AgTech fields. Innova Memphis provides
the synergy of experienced management, market expertise and venture capital to accelerate the
development of new products and services into thriving businesses. Innova’s unique history
combined with the industry experience and investment expertise of their investment team allows
the firm to execute its funding strategy of finding, funding and growing early-stage, high-growth
companies to achieve significant investment returns. For additional information please visit
www.innovamemphis.com.
Source : AgriSync