Growers Edge, a Johnston-based company providing financial products and data-driven tools for agricultural retailers, manufacturers and lenders, announced this week a first close of a new $25 million financing round. The round was co-led by S2G Investments, Cibus Capital and Lowercarbon Capital, with additional participation by Otter Creek, iSelect and Jeff Ubben, founder of ValueAct Capital.
The funding will enable Growers Edge to scale its financial solutions, expand its reach with more ag retailers and lenders, and drive adoption of climate-smart agricultural products and practices across the U.S, the company said in a news release.
“This milestone is a testament to the creativity and tenacity of our incredible team,” Matt Hansen, CEO of Growers Edge, said in the release. “They’re the true innovators who continue to transform complex challenges into real-world solutions for growers, retailers and lenders.”
Growers Edge offers financial products that reduce risk and promote ag innovation, including its Crop Plan Warranty Program, land and climate intelligence solutions, digital mortgage lending products and input lending tools.
The company has worked with five of the top 10 largest ag retailers and leading organizations, including Nutrien, PepsiCo, Mondelez, Helena Agri-Enterprises and the Nature Conservancy.
