Let’s take a look at some deals from the week that was in venture-land.
Time was once when you’d harvest your crop, haul it to a grain elevator, and haggle with the buyer there based on prevailing market prices.
A new generation of grain producers, however, are active mobile phone and desktop web users, and they’re looking for better ways to connect with the elevators buying their harvests.
Rather than centralizing the exchange on one marketplace platform, like some of its competitors, Bushel spins up branded instances of its platform software based on the particular needs of its grain elevator clientele.
This week, the company announced $19.5 million in Series B funding led by Continental Grain Company.
To fund continued scaling and commercialization, the company raised $15 million in Series A financing led by Lux Capital, with participation from Betaworks, Kevin Durant’s Thirty Five Ventures, and A.Capital Ventures, alongside OpenAI CTO Greg Brockman and MetaMind CEO Richard Socher.
To commercialize its brain-zapping headbands, the company raised $2.6 million in seed funding led by BlueYard Capital.