Farmobile, an ag tech startup based in Overland Park, Kan., has closed a $5.5 million round of funding led by Anterra Capital, a venture capital firm from the Netherlands.
Founded in 2013, Farmobile makes technology designed to help farmers record, track and store data about the performance of their heavy equipment.
The startup will use the new capital to develop and distribute new modules on top of its existing technology, according to a press release.
“Data is one of the most valuable things a farmer harvests today,” Farmobile founder and CEO
Jason Tatge said in the press release. “Today’s announcement is a huge win for farmers around the world who want to put their data to work. Farmers ought to own and directly profit from the information they produce. It’s that simple.”
The funding announcement follows news of a strategic partnership between Farmobile and DTN/The Progressive Farmer, which will enable Farmobile to provide weather alerts to farmers based on the location of their equipment.