New York, NEW YORK (PRWEB) February 12, 2014
AgFunder, an online equity crowdfunding platform for agriculture and agtech opportunities, is announcing today the launch of the AgFunder campaign for OnFarm, a Fresno, CA based big data agtech company. OnFarm’s campaign is the first to go live on AgFunder’s platform.
“AgFunder allows us to expand our reach and spend less time identifying and vetting investors,” said Lance Donny, CEO of OnFarm. “We’re an early stage company, and by using AgFunder we can stay focused on building our business.”
OnFarm is a Software as a Service (SaaS) company, which features an easy-to-use platform that aggregates farming-relevant data into one interface. “The big data market for agriculture is estimated to grow to $20 billion by year 2020, and OnFarm has a strong first-mover advantage in this space. They’re an exciting company and we’re pleased that they chose AgFunder to help them raise capital,” said Rob Leclerc, CEO of AgFunder.
Since AgFunder’s beta launch in late 2013, AgFunder has signed agreements with interested institutional investors that collectively represent more than $1bn AUM, and has built a substantial pipeline of investments from around the globe that will be released onto the platform throughout 2014.
"We're bullish on the sector and given this level of institutional support we're eager to see more quality opportunities from experienced developers and strong entrepreneurs alike," said Michael Dean, who oversees AgFunder's deal pipeline.
OnFarm was a finalist of this year’s IBM Global Entrepreneur awards, and previously raised $900,000 in venture funding. By providing information to farmers that allows them to precisely adjust inputs such as water or fertilizer to accommodate specific growing conditions, OnFarm generates both economic and environmental benefits.
OnFarm has to date established partnerships with over 20 data providers and anticipates healthy revenue growth in 2014. OnFarm is seeking to raise $400,000 through the AgFunder platform, to be used to expand OnFarm’s distributor network.
Contact: Cori Capik, cori(at)agfunder(dot)com, +1 305-495-5663
About AgFunder: AgFunder is the world’s first equity crowdfunding platform for ag and agtech opportunities. Developed by experienced agribusiness professionals, AgFunder brings together promising investment opportunities and committed investors. Visit http://www.agfunder.com.
About OnFarm: OnFarm is a data organization and visualization company for farmers. Together with our OnFarm ready partners, OnFarm provides a comprehensive agriculture decision solution. Visit http://www.onfarm.com.