Farmers Business Network was founded in 2014 by Amol Deshpande and Charles Baron. Farmer’s Business Network has not officially endorsed a plan to participate in an IPO.
Farmers Business Network, or FBN, is an agricultural technology platform that allows independent farmers to share data and communicate on a transparent information network. Per Forge data, Farmers Business Network raised $917.9 million in funding over 9 rounds. Their latest funding was raised on Sep 15, 2021, from a Series G round. Key investors include Acre Venture Partners, Kleiner Perkins, Temasek Holdings, T. Rowe Price, Fidelity, DBL Partners, Google Ventures, and BlackRock Innovation Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/18/2021 | Series G | $300MM | $xx.xx | $3.89B | Fidelity Management & Research Compnany, LN Mittal Family Office, ADM Ventures Investment Corp., Colle Capital Partners, Walleye Capital, Tudor Investment Corporation | |
Price per Share
$xx.xx
Shares Outstanding
4,826,426
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fidelity Management & Research Compnany, LN Mittal Family Office, ADM Ventures Investment Corp., Colle Capital Partners, Walleye Capital, Tudor Investment Corporation
|
||||||
08/03/2020 | Series F-1 | $101MM | $xx.xx | $1.85B | BlackRock, Baron Capital Group, Balyasny Asset Management, Mandi Ventures, Lupa Systems, DBL Partners, Temasek Holdings, T. Rowe Price, GV, Expanding Capital, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
3,055,363
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BlackRock, Baron Capital Group, Balyasny Asset Management, Mandi Ventures, Lupa Systems, DBL Partners, Temasek Holdings, T. Rowe Price, GV, Expanding Capital, Kleiner Perkins
|
||||||
08/03/2020 | Series F | $149MM | $xx.xx | $1.85B | BlackRock, Baron Capital Group, Balyasny Asset Management, Mandi Ventures, Lupa Systems, DBL Partners, Temasek Holdings, T. Rowe Price, GV, Expanding Capital, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
4,507,423
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BlackRock, Baron Capital Group, Balyasny Asset Management, Mandi Ventures, Lupa Systems, DBL Partners, Temasek Holdings, T. Rowe Price, GV, Expanding Capital, Kleiner Perkins
|
||||||
02/11/2019 | Series E-1 | $36MM | $xx.xx | $1.06B | Expanding Capital, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
1,544,514
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Expanding Capital, Kleiner Perkins
|
||||||
02/11/2019 | Series E | $92.96MM | $xx.xx | $1.06B | Expanding Capital, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
3,988,268
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Expanding Capital, Kleiner Perkins
|
||||||
11/30/2017 | Series D | $110MM | $xx.xx | $637.54MM | Acre Venture Partners, DBL Partners, GV, Kleiner Perkins, Bow Capital, Temasek Holdings, T.Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
5,957,504
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Acre Venture Partners, DBL Partners, GV, Kleiner Perkins, Bow Capital, Temasek Holdings, T.Rowe Price
|
||||||
03/07/2017 | Series C | $40.13MM | $xx.xx | $300MM | Acre Venture Partners, DBL Partners, GV, Kleiner Perkins, Bow Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,842,512
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Acre Venture Partners, DBL Partners, GV, Kleiner Perkins, Bow Capital
|
||||||
08/09/2016 | Series B-2 | $20.09MM | $xx.xx | $192.6MM | Acre Venture Partners, DBL Partners, GV, Kleiner Perkins | |
Price per Share
$xx.xx
Shares Outstanding
2,677,953
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Acre Venture Partners, DBL Partners, GV, Kleiner Perkins
|
||||||
03/06/2015 | Series B | $15.02MM | $xx.xx | $90MM | DBL Partners, GV, Kleiner Perkins, Valley Oak Investments | |
Price per Share
$xx.xx
Shares Outstanding
3,493,596
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
DBL Partners, GV, Kleiner Perkins, Valley Oak Investments
|
||||||
06/23/2014 | Series A-1 | $3.32MM | $xx.xx | $34.1MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,606,392
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/10/2014 | Series A | $5.59MM | $xx.xx | $15MM | Kleiner Perkins, Nancy Pfund | |
Price per Share
$xx.xx
Shares Outstanding
5,585,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kleiner Perkins, Nancy Pfund
|