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November 30, 2017 07:37 PM

Sioux Falls Company Gets $110 Million In Funding

It's big news for an ag technology company that has its national operations center in Sioux Falls.

Farmers Business Network has raised another $110 million in new venture funding.

If you're not familiar with the business, it's a social network for farmers. It allows farmers to share information, such as which seed varieties are performing best in their fields and how much they're paying for different seeds and chemicals.

The company has grown quickly; in just two years it's added 200 employees.

This $110 million Series D funding round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and Temasek. Previous investors Acre Venture Partners, Kleiner Perkins Caufield & Byers, GV (formerly Google Ventures) and DBL Partners also participated in this round.

 

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