Forge Investment Outlook Q2 2024Road to Recovery: Private Market Accelerates in Q1
Forge Investment Outlook Q2 2024
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Farmers Business Network was founded in 2014 by Amol Deshpande and Charles Baron. After a $300 million funding round pushed the company to a $3.9 billion valuation in 2021, CEO Deshpande told Bloomberg "we're certainly of a scale where we can IPO, without a shadow of a doubt," but said the company has not settled on a firm timeline, adding that "we are always talking about [going public], especially with the market being good, but a 100% of the focus right now is on the core operations of the business." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Farmers Business Network, or FBN, is an agtech platform that allows independent farmers to share data and communicate on a transparent information network. The platform aggregates information about seed and equipment prices, and has partnered with Amazon to build an online marketplace. In 2020, FBN acquired three agtech companies: Farmsave, Cibus, and Haplotech. The company has raised more than $900 million in venture capital funding from investors including Fidelity Management & Research Company, LN Mittal Family Office, Tudor Investment Corporation, BlackRock, T. Rowe Price Associates, and DBL Investors.
Farmer's Business Network is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Farmer's Business Network pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Farmer's Business Network is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 11/18/2021 | Series G | $300MM raised | $XXX.XX | $XXX.XX |
| 8/3/2020 | Series F and F-1 | $250MM raised | $XXX.XX | $XXX.XX |
| 2/11/2019 | Series E and E-1 | $128.96MM raised | $XXX.XX | $XXX.XX |
| 11/30/2017 | Series D | $110MM raised | $XXX.XX | $XXX.XX |
| 3/7/2017 | Series C | $40.13MM raised | $XXX.XX | $XXX.XX |
| 8/9/2016 | Series B-2 | $20.09MM raised | $XXX.XX | $XXX.XX |
| 3/6/2015 | Series B | $15.02MM raised | $XXX.XX | $XXX.XX |
| 6/23/2014 | Series A-1 | $3.32MM raised | $XXX.XX | $XXX.XX |
| 4/10/2014 | Series A | $5.59MM raised | $XXX.XX | $XXX.XX |
