GV and Acre Venture Partners were among the returning investors as Farmer's Business Network increased its overall funding to about $88m.

GV, a corporate venturing subsidiary of internet technology group Alphabet, has co-led a $40m series C round for US-based data sharing platform Farmer’s Business Network (FBN) on Wednesday.

The round was co-led with venture capital firm DBL Partners and included Acre Venture Partners, the $125m fund formed by packaged food producer Campbell Soup, as well as VC firms Bow Capital and Kleiner Perkins Caufield & Byers (KPCB).

Founded in 2014, FBN has built a social network used by famers to…