New York, NY (PRWEB) May 27, 2014
aWhere will be raising a $4 million equity financing round on the investment crowdfunding platform AgFunder. aWhere is a Colorado-based agtech company delivering hyperlocal weather data and recommendations to farmers. aWhere's climate information service draws upon exclusive data content and proprietary algorithms, and was developed to deliver data to farmers in developing and emerging markets who do not have access to advanced technology.
“aWhere has already invested extensively in our platform and data, and we now see more clearly than ever before, a rapidly growing opportunity to help those 500 million farmers around the world without access to the types of advanced agricultural technology available to the advanced farmers,” said Dave Lundberg, aWhere’s COO.
aWhere will enter into a 90-day investment period on AgFunder with a target equity raise of $4M for the round. The company grossed $2.25M in 2013, and the company’s team is comprised of alumni from Syngenta, Microsoft, MIT, Hewlett-Packard, and Dun & Bradstreet. aWhere’s existing customers include Monsanto, Syngenta, and USAID.
“Monsanto’s $1 billion in acquisitions of agtech companies woke tech investors to opportunities in the agriculture sector, particularly in Silicon Valley, where venture capitalists are more used to seeing billion dollar social media companies. With other agriculture companies such as John Deere, Syngenta, Pioneer all eyeing the space, agtech investors are betting that the incumbents will be hungry for acquisition targets as they will be forced to bring Silicon Valley DNA into their ranks,” said Rob Leclerc, the CEO of AgFunder.
aWhere will host a webinar at 12:00 PT/3:00 ET on Tuesday, May 27th, for accredited investors interested in learning more about the opportunity. The webinar will consist of a presentation by aWhere’s COO, Dave Lundberg, and CEO Dr. John Corbett, to be followed by a Q&A period for webinar attendees. To learn more about aWhere visit register for the webinar visit http://agfunder.com/listings/awhere or to register for the webinar visit http://agfunder.com/webinar/awhere.
aWhere is engaged in a From D 506(c) offering, and securities are only available to verified accredited investors.