HarvestPort operates a marketplace that aggregates demand among growers to secure discounts from retailers while adding value to retailers through sales, marketing, logistics, and administration. The company has launched a Transitional Inputs package that pairs conventional fertilizer with novel soil amendments to help growers transition toward more sustainable practices. In partnership with Penny Newman, HarvestPort will sell a soil amendment called Carbon Penetrant that opens and aerates soil, supports microbial life, and aims to reduce nitrogen application. Carbon Penetrant is said to have the potential to reduce nitrogen use by about 30% over three growing seasons and is currently being marketed with a focus on almonds. HarvestPort positions this offering as a middle ground so growers can save money today while experimenting with products that may cut long-term input spend. The company is promoting the package partly in response to anticipated California regulations limiting nitrogen application. HarvestPort also benefits partner merchants by performing go-to-market functions, allowing them to reach new markets without hiring dedicated sales teams. HarvestPort operates an online marketplace that matches sellers, lenders and service providers with borrowers seeking farm equipment and related services. The platform includes a seasonal planning dashboard to schedule leases and rentals, and it invoices borrowers, tracks equipment, and enforces accountability via online contracts. HarvestPort does not arrange transport but prompts users to document transportation terms and logistics. The company began with harvesting bins and has expanded to include heavy machinery, implements, transport assets, cold storage, irrigation, power and lighting, and supply-chain assets. Users include professional suppliers, equipment dealerships, agribusinesses, and farming groups. HarvestPort will use new funding to drive product development, expand equipment categories, and improve the platform’s search functionality. The team is based in California.

Total raised

$3M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2017