Farmers Business Network Valuation, Funding & Investors
Farmers Business Network is valued at $4B as of September 2021.
Last Farmers Business Network valuation
$4B
Series G · Sep 2021
Last Farmers Business Network funding round
$50M
Undisclosed stage · Jul 2025
Cumulative funding Farmers Business Network raised
$968M
across 10 funding rounds
Key investors in Farmers Business Network
GV
Kleiner Perkins
DBL Partners
Acre Venture Partners
Temasek
T. Rowe Price
About Farmers Business Network
Farmers Business Network is a San Carlos-headquartered agricultural technology platform that equips farmers in the United States, Canada, Brazil, and Argentina with data-driven tools for crop management. It offers e-commerce for farm inputs like seeds and fertilizers, agronomic insights from satellite imagery and soil sensors, crop marketing services, and insurance products. The farmer-to-farmer network fosters peer benchmarking on yields and costs. FBN Finance provides direct lending for equipment and inputs, while its marketplace connects producers to buyers for grains and oilseeds.
Founded
2014
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$4B (Sep 2021)
Farmers Business Network Valuation
Farmers Business Network is currently valued at $4B, based on its Series G in September 2021.
The $300M round was led by Fidelity.
Farmers Business Network's valuation has grown 10x from $400M at its Series C in March 2017 to $4B in September 2021, across 4 priced rounds.
Farmers Business Network valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Series G | $4B |
| Jul 2020 | Series F | $1.8B |
| Feb 2019 | Series E | $1.1B |
| Mar 2017 | Series C | $400M |
Farmers Business Network Funding History
Farmers Business Network has raised a total of $968M across 10 funding rounds.
Farmers Business Network's first fundraising round was a $5M Series A in April 2014. The most recent completed round was a $50M undisclosed-stage round in July 2025.
Farmers Business Network funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | Temasek; Arteqin; Colle Capital Partners; GV; T. Rowe Price | $50M | - | Farmers Business Network (FBN) is a farmer-to-farmer digital platform and agricultural marketplace providing e-commerce for farm inputs like seeds and fertilizers, data-driven agronomic insights, crop marketing tools, financial services including nearly $3 billion in total financing to growers, and insurance. In July 2025, FBN raised $50 million from investors including GV (Google Ventures), T. Rowe Price, Temasek Holdings, Arteqin, and Colle Capital Partners to accelerate AI-powered services, expand its proprietary 'Norm' large language model for personalized agronomy, finance, and risk management insights, and broaden e-commerce offerings across North America with over 7,200 products and direct-to-farm delivery. As of July 2025, FBN's network reached over 117,000 farms representing 187 million acres in the U.S. and Canada. Recent farmer surveys by Stratus Ag Research showed 35% of farmers visited FBN while shopping for inputs, with online purchasing growers up 86% year-over-year, and more farmers returning for inputs in 2025 amid profitability focus. The company expanded private-label brands like Willowood USA and Farmers First, opened its platform to third-party sellers, and redesigned its e-commerce store. FBN faces competition from agribusiness giants like Bayer, Corteva, and Syngenta, who avoid e-commerce platforms to control pricing, bolstered by a January 2025 court ruling. Earlier rounds include a Series G in September 2021 at $3.6B valuation and $300M raised. FBN plans events like Farmer2Farmer VII in February 2026. |
| Sep 2021 | Series G | Fidelity (lead) | $300M | $4B | Farmers Business Network (FBN) is an agtech company providing a direct-to-farm marketplace, farmer-to-farmer network, data analytics platform for agronomic insights, grain and inputs trading, fintech solutions, and sustainability tools like carbon scoring via its Gradable platform. Founded in 2014 and headquartered in San Carlos, California, FBN aims to reduce production costs, maximize crop value, and increase profit potential for family farms through transparency, efficiency, and digital infrastructure. By the Series G round, FBN had grown its farmer network to over 33,000 members across the US, Canada, and Australia, farming more than 80 million acres. In November 2021, FBN closed a $300 million Series G funding round led by Fidelity Management & Research Company, with participation from ADM Ventures, LN Mittal Family Office, Colle Capital Partners, Walleye Capital, Tudor Investment Corporation, and existing investors like BlackRock, Temasek, GV, DBL Partners, and T. Rowe Price. The round valued the company at approximately $4 billion post-money, more than doubling the $1.75 billion valuation from its prior $250 million Series F in August 2020. This financing followed expansions including the acquisition of Prairie Livestock Supply, addition of biological products to FBN Direct, nationwide health insurance rollout, and launch of Farmland Capital. The investment validates FBN's model amid industry skepticism, with ADM's participation marking the first major agrifood company investment and enabling collaborations for sustainable crop sales at scale. CEO Amol Deshpande emphasized continued innovation in IP, technology for input purchasing transparency, fintech scaling, and sustainability platforms to empower farmers' decision-making. FBN's growth reflects strong traction, with network expansion from 12,000 farms in August 2020 to 33,500 by late 2021, positioning it as a leader in disrupting traditional ag input retail and building digital tools for the future of agriculture. |
| Jul 2020 | Series F | BlackRock (lead) | $250M | $1.8B | Farmers Business Network (FBN) is a farmer-to-farmer information network, financing, and e-commerce platform that connects independent farmers to provide data-driven insights, direct purchasing of inputs like seeds and crop protection products, and financial services to reduce costs and improve profitability. In August 2020, FBN closed a $250 million Series F funding round led by funds and accounts managed by BlackRock, with participation from new investors including Baron Capital Group, Balyasny Asset Management, Mandi Ventures, Lupa Systems, Ron Shaich, Fidelity Investments Canada, and returning investors such as DBL Partners, Temasek, GV, Expanding Capital, Kleiner Perkins, and T. Rowe Price. The round valued the company at $1.75 billion post-money, as reported by multiple sources including Axios and Bloomberg estimates cited in AgFunderNews. At the time of the Series F, FBN had built a network of 12,000 members covering 40 million acres of farmland across the U.S., Canada, and Australia. The company was expanding its offerings, including investments in crop marketing, financial services like loans and insurance, and international growth via the acquisition of Farmsave in Australia. CEO Amol Deshpande emphasized the focus on long-term mission-oriented investors amid challenging market conditions during the pandemic, which particularly affected independent farmers reliant on food-service and commodity crops. This Series F followed a $175 million Series E in January 2019 led by Kleiner Perkins. Subsequent rounds included a $300 million Series G in 2021 led by Fidelity Management & Research Company, which brought the valuation to around $4 billion and grew the network to over 33,000 members farming 80 million acres. The funding supported scaling technology for input purchasing efficiency, fintech, and sustainability platforms to enhance farmers' decision-making and profit potential. |
| Feb 2019 | Series E | Kleiner Perkins (lead); GV; Necessary Ventures | $175M | $1.1B | Farmers Business Network (FBN) is an agricultural technology platform connecting independent farmers through a transparent data network for sharing agronomic and pricing information, enabling benchmarking of seed and input performance, and offering direct commerce for crop protection, seeds, nutrition, and supplies. Founded to address information asymmetry in farming, FBN empowers farmers with bargaining power against manufacturers amid falling crop prices. In January 2019, FBN raised $175 million in its Series E round led by Kleiner Perkins, with participation from GV (Google Ventures), Necessary Ventures, and others including DBL Partners and Temasek. This followed a Series D of $110 million in November 2017 led by T. Rowe Price with GV, Kleiner Perkins, and Campbell Soup’s Acre Fund, bringing total funding to about $200 million at that time. The 2019 round supported expansion of FBN's digital farm economy, focusing on data networks, marketplace services, and potential future production of seeds and pesticides. By early 2020, ahead of the Series F, FBN had over 12,000 members managing 40 million acres across the US and Canada, expanding into Australia via acquisition of Farmsave. Bloomberg estimated a $1.75 billion valuation for the subsequent $250 million Series F in August 2020 led by BlackRock, valuing FBN amid competitive pressures from ag industry monopolies. Later developments included Series G raising around $300 million in September 2021 with valuations reported up to $3.89 billion, and total funding exceeding $900 million across nine rounds with investors like Fidelity and T. Rowe Price. FBN continued investing in crop marketing, financial services for risk management, loans, and insurance while facing challenges from industry pushback on pricing transparency. |
| Nov 2017 | Series D | T. Rowe Price (lead); Temasek (lead); Kleiner Perkins; GV; Acre Venture Partners | $110M | - | Farmers Business Network (FBN) operates a subscription-based, members-only platform that enables farmers to anonymously share data on seeds, pesticides, input prices, and crop performance to optimize decisions and bargaining power. For a $600 annual membership fee, nearly 5,000 farms across the U.S. and Canada collectively manage 16 million acres of farmland, covering crops like corn, soybeans, wheat, oats, lentils, and sweet peas. The platform integrates data from drones, satellites, sensors, and mobile apps to provide agronomic insights, while its Direct farm-commerce offers reduced input prices and a crop marketing platform connects farmers directly with global buyers. In November 2017, FBN raised $110 million in its Series D funding round, co-led by T. Rowe Price and Temasek Holdings, with participation from GV, Acre Venture Partners, Kleiner Perkins, and DBL Partners. This brought total funding to $200 million. The capital supports expansion of the crop marketing platform, enabling global buyers to source directly from U.S. farmers, bypassing middlemen, and providing cash advances and production contracts. FBN had hundreds of thousands of acres under contract for the 2018 season, with membership doubling year-over-year and adding a million acres monthly. FBN competes with startups like Farmers Edge, Granular, and Monsanto's Climate Corp. in the farmtech space. Founders envision remaining independent with an IPO likely within 2-5 years to allow farmers to invest. The company has offices in San Carlos, California, and Sioux Falls, South Dakota, serving 25 crops across 42 states. |
| Mar 2017 | Series C | DBL Partners (lead); GV (lead); Kleiner Perkins; Acre Venture Partners; Bow Capital | $40M | $400M | Farmers Business Network (FBN) is a farmer-to-farmer network launched in 2014, providing data management, analytics, input procurement through FBN Direct, crop marketing services, and financing to help farmers make data-driven decisions and reduce costs on seeds, fertilizers, chemicals, and other inputs. The platform enables anonymous sharing of pricing and product effectiveness data, aiming to bring transparency and save farmers up to 50% on inputs by negotiating favorable prices directly with manufacturers. On March 7, 2017, FBN raised $40 million in a Series C round co-led by GV (formerly Google Ventures) and DBL Partners, with participation from new investor Bow Capital and returning investors Acre Venture Partners and Kleiner Perkins. This brought the company's total funding to nearly $88 million, following a prior $20 million round led by Acre Venture Partners. The funds were allocated to expand the FBN network, analytics offerings, and the FBN Direct farm-commerce platform, which had already completed 1,000 deliveries in its first year and expanded to over 500 farm products. By the time of the Series C, FBN's membership had grown to approximately 3,500 farms across the US, covering 13 million acres of commodity and specialty crops. The company positioned itself to empower farmers amid rising input costs and commodity price dips, fostering direct crop marketing for premiums using traceability data. FBN faced criticism from retailers for disrupting traditional grower relationships but emphasized industry-wide improvements. |
| Aug 2016 | Series B | Acre Venture Partners (lead); DBL Partners; Kleiner Perkins; GV | $20M | - | Farmers Business Network (FBN) is an independent farmer-to-farmer network providing data support services, agronomic analytics, and procurement services to help farmers access transparent pricing, share data, and optimize inputs like seeds, fertilizers, and chemicals. Launched commercially in 2015, by August 2016 it encompassed over 2,500 farms operating nearly 9 million acres across 31 states, with rapid weekly growth and a $500 annual membership fee instead of scale-punishing acre fees. The platform includes tools like FBN Ops app, price transparency systems, and FBN Procurement, which secures bulk discounts directly from manufacturers for member farmers. In August 2016, FBN raised $20 million in a Series B-2 extension round led by Acre Venture Partners (backed by Campbell Soup Co.), with participation from existing investors GV (Google Ventures), Kleiner Perkins, and DBL Partners. This brought total funding to approximately $44-48 million, following a prior $15 million Series B in May 2015 and earlier rounds. Funds were allocated to expand the farmer network, team growth (from 56 to 90 employees earlier in 2016), platform development for more crops and inputs, hiring, and farmer awareness. Membership tripled in the prior year and doubled again in 2016, entering new states like Kentucky and Texas. The investment targets an oligopolistic ag input market by empowering farmers with data-driven procurement decisions to improve margins and efficiency. |
| May 2015 | Series B | Acre Venture Partners (lead); GV (lead); DBL Partners; Kleiner Perkins | $15M | - | Farmers Business Network (FBN) is a precision agriculture technology platform that enables farmers to share data on seeds, fertilizers, and crop performance to make informed decisions. On May 19, 2015, FBN raised $15 million in a Series B funding round led by Google Ventures (GV), with participation from prior investors Kleiner Perkins and DBL Partners. This brought the company's total funding to nearly $28 million, including prior Series A funding of almost $6 million from Kleiner Perkins and over $3 million from DBL in Series A-1. Acre Venture Partners led a subsequent $20 million Series B-2 extension later in 2015. |
| Jun 2014 | Series A | DBL Partners (lead) | $3M | - | - |
| Apr 2014 | Series A | Kleiner Perkins (lead) | $5M | - | Farmers Business Network (FBN) is an agricultural technology platform enabling independent farmers to share data, access transparent pricing on inputs like seeds and chemicals, and make data-driven decisions to improve profitability. Launched in 2014, FBN positioned itself as a farmer-to-farmer network addressing information asymmetry and fragmented bargaining power in agriculture. Kleiner Perkins led an early funding effort, securing $4.6 million of a possible $6 million as noted in an SEC filing around April 2014. This early round contributed to FBN's funding trajectory, with subsequent raises including a $5.6 million Series A also led by Kleiner Perkins, bringing total funding to nearly $28 million by the next round. Later extensions and series, such as a $15 million Series B in 2015 and $20 million Series B-2 led by Acre Venture Partners (with Kleiner Perkins participation), supported team expansion and product development like the FBN Procurements platform for better input pricing. By 2017, a $40 million Series C led by GV and DBL Partners (with Kleiner Perkins) brought total funding to nearly $88 million, focusing on network growth and FBN Direct commerce. Kleiner Perkins continued participating in later rounds, including a $110 million Series D reaching about $200 million total. FBN grew its membership to nearly 5,000 farms managing 16 million acres across the U.S. and Canada by the Series D stage, covering crops like corn, soybeans, wheat, and lentils. The platform highlighted savings of up to 50% on inputs through transparent pricing, countering market disparities where farmers paid up to 300% more for the same products. |
Who has invested in Farmers Business Network?
12 investors have backed Farmers Business Network across its funding rounds, including GV, Kleiner Perkins, DBL Partners, Acre Venture Partners, Temasek and T. Rowe Price.
Lead investors include Fidelity, BlackRock, Kleiner Perkins, T. Rowe Price, Temasek and 3 other investors.
Farmers Business Network Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 6 | Lead | Apr 2014 | |
| San Francisco, CA | 6 | Lead | May 2015 | |
| San Francisco, CA | 4 | Lead | Jun 2014 | |
| United States | 4 | Lead | May 2015 | |
 Singapore | 2 | Lead | Nov 2017 | |
| Baltimore, MD | 2 | Lead | Nov 2017 | |
| San Francisco, CA | 1 | Participant | Jul 2025 | |
| New York City, NY | 1 | Participant | Jul 2025 | |
| Boston, MA | 1 | Lead | Sep 2021 | |
| San Francisco, CA | 1 | Participant | Mar 2017 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Farmers Business Network
Farmers Business Network has acquired 2 companies to date.
Last acquisition by Farmers Business Network was on October 26th 2020. Farmers Business Network acquired Haplotech for undisclosed valuation.
Latest Acquisitions by Farmers Business Network
| Description | Haplotech is a Wageningen-based provider of plant breeding consultancy and technical services in the Netherlands. It offers genotyping, phenotyping, and statistical analysis for crop improvement programs. Services support hybrid seed development and trait mapping using NGS and CRISPR tools. Haplotech collaborates with agribusinesses like Bayer and Syngenta, operating greenhouses and labs for vegetables, grains, and ornamentals since 2012. | Farmsave is a U.S.-focused online agricultural marketplace enabling growers to buy inputs like seeds, fertilizers, pesticides, and equipment at discounted rates. Free for buyers, it aggregates supplier deals from brands such as Corteva, Bayer, and John Deere, with delivery to over 30 states. The platform processes millions in annual transactions, offering bulk pricing and financing options to reduce costs by up to 20% for small to mid-sized farms. |
| HQ Country |  |  |
| HQ City | Winnipeg | Perth |
| Deal Date | 26 Oct 2020 | 21 Jul 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Farmers Business Network acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Farmers Business Network
Farmers Business Network has invested in 1 company to date.
Latest investment by Farmers Business Network was on June 30th 2021. Farmers Business Network invested in Cattler in their $1M Seed round.
Latest Investments by Farmers Business Network
| Description | Cattler is an Australian cloud platform for cattle farm management, integrating scales, EID readers, and IoT devices for livestock tracking, feeding, health records, and invoicing. Launched in 2020, it serves operations from feedlots to individual ranches across Queensland and New South Wales, consolidating data on 50,000 head quarterly. Mobile apps enable lot-level analytics and inventory control from paddock to sale. |
| HQ Country | |
| HQ City | San Jose, CA |
| Deal Date | 30 Jun 2021 |
| Round | Seed |
| Raised | $1M |
| Investors | TLG Ventures; Incutex Company Builders; SVG Ventures |
| Valuation | $9M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Farmers Business Network investments and their VC round multiples. Start Free Trial | |
Farmers Business Network Competitors
Farmers Business Network competitors include listed companies like Octave Intelligence and Presight AI, and private ones like Branch, Dataminr, ThoughtSpot and Dataiku.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $4B | - | |
| New York City, NY | Private | $200M | - | $4.1B | 20.5x | |
| San Francisco, CA | Private | $150M | - | $4.2B | 28.0x | |
| New York City, NY | Private | $150M | - | $3.7B | 24.7x | |
| United States | Publicly listed | $1.6B | $530M | $5B | 3.3x | |
 UAE | Publicly listed | $825M | $214M | $5.7B | 5.4x |
Farmers Business Network Public Comps
Farmers Business Network is still privately-owned, but its public comps include Oman India Fertiliser Company, Sportradar, PI Indus, Geovis, K+S, Golden Agri-Resources, ScottsMiracle-Gro, UPL, Octave Intelligence and Olam Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $977M | $488M | 3.9x | - | 7.7x | - | |||
| $1.5B | $613M | 2.3x | 2.1x | 5.6x | 8.7x | |||
| $695M | $199M | 4.8x | 4.6x | 16.7x | 18.9x | |||
| $399M | $44M | 9.8x | 8.4x | 87.8x | - | |||
| $4.2B | ($1B) | 0.9x | 0.8x | (3.5x) | 4.5x | |||
| $13B | $1.2B | 0.5x | 0.5x | 5.1x | 4.6x | |||
| $3.4B | $426M | 1.5x | 1.6x | 12.3x | 9.0x | |||
| $5.3B | $910M | 1.4x | 1.3x | 8.1x | 6.9x | |||
This data is available for Pro users. Sign up to see all Farmers Business Network competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Farmers Business Network
| When was Farmers Business Network founded? | Farmers Business Network was founded in 2014. |
| Where is Farmers Business Network headquartered? | Farmers Business Network is headquartered in San Francisco, CA, United States. |
| Is Farmers Business Network publicly listed? | No, Farmers Business Network is a private, VC-backed company. |
| What is Farmers Business Network's valuation? | Farmers Business Network was last valued at $4B in its Series G in September 2021. |
| How much funding has Farmers Business Network raised? | Farmers Business Network has raised $968M across 10 funding rounds. |
| What was Farmers Business Network's last funding round? | Farmers Business Network's last funding round was a $50M undisclosed-stage round in July 2025. |
| Who are Farmers Business Network's investors? | Farmers Business Network's investors include Kleiner Perkins, GV, DBL Partners, Acre Venture Partners, Temasek, T. Rowe Price, Arteqin, Colle Capital Partners, Fidelity, Bow Capital and 2 others. |
| Which companies are comparable to Farmers Business Network? | Companies comparable to Farmers Business Network include Branch, Dataminr, ThoughtSpot, Dataiku, Octave Intelligence and Presight AI. |
| How many companies has Farmers Business Network acquired? | Farmers Business Network has acquired 2 companies, including Haplotech and Farmsave. |
| How many companies has Farmers Business Network invested in? | Farmers Business Network has invested in 1 company, including Cattler. |
| What was Farmers Business Network's last investment? | In June 2021, Farmers Business Network invested in Cattler's $1M seed round alongside TLG Ventures, Incutex Company Builders and SVG Ventures. |
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