# Bushel

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

- Industry: Software
- Headquarters: Fargo, US
- Website: www.bushelpowered.com
- Total disclosed funding: $86M
- Latest round: Series C (Jun 20, 2023)
- Investors on record: 10

## About

Bushel, Inc. is a US-based software company that provides integrated solutions to enhance operational efficiency and productivity in the agricultural sector, focusing on agribusinesses, farmers, and agricultural retailers.Founded in 2010 by Jake Joraanstad and Ryan Raguse, Bushel, Inc. is headquartered in Fargo, US. The company specializes in software solutions that streamline agricultural operations and facilitate communication within the supply chain. Bushel, Inc. has completed a total of 7 funding deals, with the most recent funding round being a Series C in June 2023, where they raised USD 26.25 mn led by 1st & Main Growth Partners. The company currently has a valuation of USD 145.77 mn.Bushel offers an integrated suite of software solutions designed to streamline operations and enhance productivity within the agricultural sector. Their core product range includes customer relationship management tools, digital payment systems, and workflow management software, all tailored to meet the specific needs of agribusinesses, farmers, and agricultural retailers. The software enables users to digitize agricultural payments, manage grain origination, and execute commercial truck grain sales while providing secure, self-service account access for customers. By facilitating seamless communication and collaboration between farmers and agribusinesses, Bushel's solutions aim to optimize efficiency in the agricultural supply chain. Their products are primarily utilized by agribusinesses in the United States, with a focus on regions known for row crop farming, thereby enhancing operational capabilities in specific agricultural markets.Bushel generates revenue through a model that combines software subscriptions with service agreements, primarily targeting agribusinesses, ag lenders, and retailers. Transactions typically occur through annual or monthly subscription fees for their software solutions, allowing clients to access a range of functionalities, such as trade payment management and customer relationship management tools. The company emphasizes providing tailored solutions that fit unique business needs, which may include customized pricing plans for different clients based on their service requirements and scale of operations. Their flagship products, such as the customer portal and commercial portal, are positioned to enhance user engagement and facilitate seamless transactions within the agricultural supply chain. The revenue structure reflects a commitment to supporting the operational efficiencies of their clients while simultaneously driving growth within the agricultural sector.In June 2023, Bushel, Inc. raised USD 26 mn in Series C funding led by Banc Funds Company, with participation from new investors including 50 South Capital Advisors and Maumee Ventures, as well as returning investors. The funding will support the development of additional features for their software solutions. Bushel plans to expand its market presence and reach into new geographic regions, focusing on enhancing their product offerings to meet evolving agricultural needs.

## Funding rounds

- Series C, Jun 20, 2023, $26M — 1st & Main Growth Partners, 50 South Capital Advisors, Cargill Inc., Maumee Ventures, Lewis & Clark Ventures, Scoular, Germin8 Ventures, Conti Ventures
- Series B, Apr 13, 2021, $41M — Cargill Inc., Lewis & Clark Ventures, Scoular, Germin8 Ventures, Conti Ventures, CGB Enterprises, Inc.
- Series B, Dec 17, 2019, $20M — Germin8 Ventures, Conti Ventures, Lewis & Clark Partners

## Investors

- Germin8 Ventures (https://capitalatlas.ai/funds/germin8-ventures) — Series B, Series C
- Conti Ventures — Series B, Series C
- Lewis & Clark Partners — Series B
- Cargill Inc. — Series B, Series C
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series B, Series C
- Scoular — Series B, Series C
- CGB Enterprises, Inc. — Series B
- 1st & Main Growth Partners (https://capitalatlas.ai/funds/1st-main-growth-partners) — Series C
- 50 South Capital Advisors (https://capitalatlas.ai/funds/50-south-capital-advisors) — Series C
- Maumee Ventures (https://capitalatlas.ai/funds/maumee-ventures) — Series C