FarmLead operates an online marketplace — described as an “eBay for grains” — where growers and buyers create free accounts to post sell or buy offers, browse and sort listings, and negotiate transactions. The platform generates revenue through transactional fees and includes features such as a forward contracting service and an escrow payment option to lock in buyers and manage projected yields. Its toolset aims to help farmers manage finances by securing buyers earlier and give buyers access to a broader portfolio of vendors and crops. FarmLead has focused on the North American market but its founders discuss transforming the international grain trade as demand grows globally. The company plans to use new funding to hire (notably in a Chicago office), invest in marketing, and continue product development. Founders Brennan Turner and Alain Goubau lead the company from Ottawa.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2017