Online grain trading platform FarmLead has closed a Monsanto Growth Ventures-led round that will support its expansion from Canada to the US.
Monsanto Growth Ventures (MGV), the strategic investment arm of agribusiness Monsanto, has led a $6.5m series A round for FarmLead, the Canada-based operator of an online marketplace for grain.
Venture capital firms Serra Ventures and Avrio Ventures also participated in the round, along with commercialisation fund Mars Innovation Accelerator Fund.
Founded in 2013, FarmLead runs an online platform through which users can bid on, buy or sell grain, and which also allows traders to negotiate deals. The funding will support…