Farmers Business Network, a San Mateo, CA-based company, has successfully raised $50 million in funding to support the expansion of its new product lines and the deployment of artificial intelligence.

Funding Backers and Plans

The funding round included support from GV (Google Ventures), Temasek, Arteqin, Colle Capital, and T Rowe Price. Farmers Business Network aims to enhance its livestock marketplace, offer more private label and third-party crop protection products, expand its presence in Canada, and launch a new seed platform.

Company Overview

With CEO Diego Casanello at the helm, Farmers Business Network operates as a digital marketplace and farmer-to-farmer network, catering to over 117,000 members globally. The company leverages data, AI, and direct-to-farm delivery to simplify the agricultural supply chain, reduce farm input costs, and provide personalized farm insights while promoting sustainable agriculture.

Source: FinSMEs

Date: 28/07/2025