The Venture Codex Logo

The Venture Codex

The Penny Newman Grain Company

2691 South Cedar Avenue, Fresno, CA, 93725, United States

Overview

Penny Newman Grain plays a supporting role in the food/ag supply chain, only focus on market segments. They are the merchant in the domestic and international market for grain and feed by-products. Farm products offer a portfolio of innovative crop fertility inputs that help growers improve their profitability through regenerative methods.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Agriculture
  • Animal Feed
  • Farming
  • Organic
  • Supply Chain Management
Visit website

Investment portfolio

  • Aqua-Yield

    Participated · Series A · Sep 2022

    Aqua-Yield produces nanoliquid solutions that leverage nanoparticles to improve plant absorption of liquid agricultural products, increase crop yields and farmer profits, and enhance soil sustainability. The company’s products are applicable to farms of all sizes and across U.S. regions. Its solutions are currently used on four million acres and in more than nine countries. Aqua-Yield raised $23M in a Series A led by Larry H. Miller Company, with participation from Penny Newman Grain Company and San Leonardo, and intends to use the proceeds to accelerate global adoption. The company is led by CEO Clark T. Bell and is based in Sandy, UT.

  • Silo

    Participated · Seed · Jun 2019

    Silo offers a technology-driven system of record that streamlines both logistical and financial workflows for wholesale produce distributors and shippers. Its platform includes products such as Silo Instant Pay and Silo Credit Line, which enable users to access seamless, automated working capital in order to expand product lines, win new customers, and improve margins. The company leverages extensive industry data to underwrite and deliver cost-effective lending, giving customers the ability to pay suppliers upfront and unlock a fly-wheel effect on growth. Silo positions itself as a differentiated capital provider for an industry that typically operates on slim margins and struggles with traditional financing options. By integrating software, financial tools, and industry connections, Silo aims to equip businesses across the produce supply chain to thrive even in a rising-rate environment. The newly announced financing facility significantly enhances its capacity to extend credit and instant payment solutions to a broader customer base. No operating metrics or revenue figures were disclosed in the article.

Team

No current team members are available.