Beyond venture capital, private equity, and general debt, there is one valuable potential source of cash that many agrifoodtech startups are overlooking.
The Hamburg-based startup has built an online marketplace for secondhand agricultural machinery, using AI-powered valuation and offering EU-wide warranties.
Instead of scouring newspaper ads, fliers, and facebook, farmers can take control of the equipment buying process on Tractor Zoom using keyword searches and auction alerts.
Søren and Anders Knudsen have developed FarmBackup, an online marketplace where farmers and contractors can advertise and arrange for equipment-based services.
Farm Hack is an online community of farmers dedicated to sharing plans and advice for building and modifying farming tools and machinery. We asked its cofounder about his view of venture-backed agtech.
The round was led by Chicago-headquartered agtech venture capital firm Cultivian Sandbox. Existing investor Taylor Farms, through its venture arm, also joined the round.
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