TechCrunch's Crunch Report notes that FarmLogs raised $22 million to make agriculture a more predictable business. The article provides only a brief mention and does not describe the company's core product in detail. No operating metrics (revenue, users) are reported in the piece. The report also does not list investors, the financing instrument, prior rounds, founding year, or location. The mention appears as an item in the 'Today's Stories' segment of the Crunch Report. Further deal specifics would need to be obtained from the original TechCrunch coverage. FarmLogs builds farm-management software that ingests data — including from low-cost Bluetooth hardware — to help crop farmers forecast profits, track expenses, schedule operations, and optimize crop rotations. The company graduated from Y Combinator’s winter 2012 class, was founded in Silicon Valley, and later relocated to Ann Arbor, Michigan. Since launching, FarmLogs tripled its market share in the first six months of 2014. Its product focus includes intelligent prediction of crop rotations and automating activity data collection. Financially, FarmLogs has raised $15 million to date, including a $4 million Series A about 12 months earlier. The new capital will be used to further the company’s technology and to hire engineers, data scientists, and designers to scale the business. FarmLogs offers a mobile web and app-based farm-management platform that uses GPS and historical weather data to help crop farmers forecast profits, track expenses, and schedule operations. The product emphasizes mobile friendliness (iPad-ready) and lets farmers jot notes and input data from the field. The company is building features to intelligently predict and optimize crop rotations and to automate activity data collection. FarmLogs plans to ingest data from modern farming equipment—using low-cost Bluetooth hardware to analyze and upload equipment data in real time. The startup reports that roughly 5% of U.S. farms use its software and says it has helped thousands of farmers worldwide. FarmLogs is Michigan-based and is a Y Combinator alum (graduated early 2012). FarmLogs provides farm management software for row crop farmers to plan, manage and analyze operations via smartphone or web browser. Founded in 2011 by CEO Jesse Vollmar and CTO Brad Koch and based in Ann Arbor, Michigan, the company is an alum of Y Combinator's winter 2012 batch. Its platform includes a dashboard giving users a daily snapshot of a farm’s performance, plus maps, calendars, weather conditions, market prices and relevant news. FarmLogs raised $1M in seed funding to support its growth. The company intends to use the capital to expand its team and further develop its mobile applications in time for the 2013 planting season. The product targets row crops such as corn, soybeans and wheat.

Total raised

$37M

Funding rounds

4

Latest round

Series C

Latest activity

Jan 2017