Kansas City agribusiness company FarmLink LLC announced it has closed on $40 million in Series B financing led by OpenAir Equity Partners, a Kansas City-based firm.
Thorndale Farm LLC, Don Walsworth, John Rose and Early Investments also participated in the round.
FarmLink, which is led by former Sprint executive Ron LeMay, makes the TrueHarvest tool, which is designed to help farmers improve their yields through the use of advanced data and analytics.
The funding news comes shortly after the company’s announcement that it will partner with the American Soybean Association to promote TrueHarvest. Unharvested soybeans and corn were valued at $11 billion in 2013, the company said.