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June - 2015 - issue > Venture Chakra
Farmers Business Network Raises $15 Million from Google Ventures
SI Team
Monday, June 1, 2015
Farmers Business Network (FBN), the independent and trusted farmer-to-farmer information network, today announced the company has closed $15 million in funding led by Google Ventures, with Kleiner Perkins Caufield & Byers, and DBL Investors, also participating in the round. Google Ventures General Partner, Andy Wheeler will also join FBN's Board of Directors.
Currently, farmers lack accurate, independent sources of information about real-world performance of inputs and agronomic practices. Often, farmers must rely on the same companies who sell them seeds, equipments, fertilizers, and other products for advice on which products to use on their land. Through FBN, farmers can access independent, real world information on input, agronomic practice and yield performance from other farmers, enabling them to make the best decisions. FBN plans to use the new funding to grow its platform nationally and work with more farmers, giving them the tools they need to share their knowledge on a massive scale.

The FBN team is comprised of world-class engineers and people with generations of family farm experience. FBN co-founders Amol Deshpande (CEO) and Baron (VP of Product) founded the company with other agriculture and technology veterans in 2014 to connect farmers with one another, creating the first independent, easy-to-use network that makes agricultural information actionable and accessible to farmers around the globe.

This new round brings total funding to nearly $28 million. FBN previously raised $5.6 million in Series A funding, led by Kleiner Perkins Caufield & Byers and $3.3 million in Series A-1 funding led by DBL Investors.

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