# BinSentry

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/binsentry

- Industry: Agribusiness
- Headquarters: Kitchener, Canada
- Website: www.binsentry.com
- Total disclosed funding: $59M
- Latest round: Series C (Aug 11, 2025)
- Investors on record: 6

## About

Founded in 2017 by Nathan Hoel and Randall Schwartzentruber, and based in Ontario, Canada, BinSentry Inc. provides an Internet of Things (IoT)-based solution designed to monitor feed inventories on farms. In December 2025, BinSentry Inc. raised USD 25 million in venture debt funding from new investor CIBC Innovation Banking. Their system leverages sensor technology, AI (artificial intelligence), machine learning, and cloud computing to provide real-time, accurate data, thus reducing feed outages, inventory discrepancies, manual labor, and transportation costs. BinSentry aims to optimize feed mill supply chains and improve operational efficiencies for feed mills and livestock producers, supporting the delivery of animal protein for a growing global population. The company plans to use the December 2025 funding to accelerate its global expansion.

## Funding rounds

- Series C, Aug 11, 2025, $50M — Lead Edge Capital
- Series B, Aug 13, 2024 — Spring Mountain Capital
- Series A, Sep 10, 2020, $7.6M — BDC Capital, Lewis & Clark Ventures, Garage Capital, Chilligo Investments
- Seed, Jun 1, 2018, $1.6M — Garage Capital, Chilligo Investments

## Investors

- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed, Series A
- Chilligo Investments — Seed, Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series A
- Spring Mountain Capital (https://capitalatlas.ai/funds/spring-mountain-capital) — Series B
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series C