The agribusiness companies are bringing expertise as well as cash to the risk management platform developer, says chief executive Richard Counsell.
Stable, the US-based commodities risk management service, completed a $60m series B round today featuring agribusinesses Syngenta and Continental Grain that valued it at $170m post-money, founder and CEO Rich Counsell told Global Corporate Venturing
The round was led by venture capital firm Acrew Capital and included Greycroft and Notion Capital, both of which joined Continental, Syngenta, insurance underwriter Ascot and Anthemis in the company’s last round, a $46.5m series A in October 2021.
Counsell told GCV he wanted…
