January 15, 2014 | By admin |
FarmLogs, an Ann Arbor-based agricultural tech startup, announced Wednesday that it closed on $4 million Series A round of funding, led by Drive Capital, a Midwest-based venture capital firm launched in 2012 by two Sequoia Capital veterans.
The company’s existing investors – Huron River Ventures, Hyde Park Venture Partners and Hyde Park Angels – also participated in the investment.
FarmLogs, which launched in 2012, helps farmers digitally manage their farms in order to increase yield and profitability. Farmers can monitor crops, expenses, profits, weather and prices using the software. The web and mobile apps are used by commercial farms in all 50 states and in 131 countries. Read more on MLive.com