Bushel, the grain trade’s first device platform, announced a $7 million private investment round to accelerate its patent-pending digital platform for the grain industry. Investment will assist boost up expansion of virtual platform for grain business.
Bushel, an enterprise software technology company focused on mobile and web applications for grain industry,declared $7M investment to help accelerate growth of digital platform for grain industry. The funding was led by private investors in the agriculture and software industries. The investment will be used to expand Bushel’s reach; accelerate new features, research and development and customer success; and continue evaluating strategic acquisition opportunities. Nearly a year following its launch in June 2017, Bushel has expanded its footprint from ten pilot locations in North Dakota to more than 400+ elevator and ethanol plant locations throughout the U.S. and Canada. More than 20,000 growers have access to Bushel-powered apps today. “Our vision for Bushel is to be the number one digital platform for the grain industry that strengthens, and makes more efficient, the relationship between grain buyers and growers,” said Jake Joraanstad, Bushel CEO and co-founder.
Bushel has been adopted by many of the leading grain elevators, cooperatives and ethanol plants in the U.S. and Canada. These companies provide branded versions of Bushel’s mobile platform to growers so they can access real-time information on scale tickets, contract settlements, cash-bids and more. Growers are quickly adopting Bushel because it is a free, convenient and efficient way to do business online with their trusted grain buyers.
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