# Rantizo

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

- Industry: Software
- Headquarters: Iowa City, US
- Website: www.rantizo.com/
- Total disclosed funding: $15M
- Latest round: Series A (Oct 2, 2023)
- Investors on record: 9

## About

Rantizo, Inc. is a US-based company specializing in advanced agricultural drone spraying solutions, enhancing efficiency for agricultural professionals through technology and innovative software.Founded in 2017 and headquartered in Iowa City, US, Rantizo, Inc. focuses on agricultural drone solutions. The firm has completed a total of 2 deals to date, with the latest funding round being a Series A in which they raised USD 6.000 mn led by Leaps by Bayer, along with participation from Innova Memphis and Fulcrum Global Capital. The total amount raised by the company is USD 6.000 mn, with a current valuation of USD 21.065 mn. Matt Beckwith serves as the founder, while Mariah Scott and Michael Ott are listed as key executives.Rantizo specializes in providing advanced agricultural spray drones and associated parts and software solutions, focusing on enhancing operational efficiency for agricultural professionals. Their core product offerings include drones from manufacturers like DJI and XAG, complemented by their software, AcreConnect™, which facilitates management of agricultural spray operations, including job creation, flight log management, application mapping distribution, billing, and FAA reporting. Their products are accessible to licensed agricultural operators across 30 states in the US, catering to the precise application needs of crop management.Rantizo generates revenue through direct sales of drone equipment, parts, and software subscriptions, including their flagship software, AcreConnect™, which may operate on a seasonal subscription model. Additional revenue comes from selling DJI-certified replacement parts and accessories, along with compatible components for XAG drones, directly marketed to agricultural service providers. The company connects agricultural businesses with qualified operators for precise application services.In October 2023, Rantizo, Inc. raised USD 6.000 mn in Series A funding, led by Leaps by Bayer with participation from Innova Memphis and Fulcrum Global Capital. The company plans to use this funding to expand its market reach and operations within the US, targeting growth in the agricultural spray drone sector. There are no specific new product launches or geographic expansions detailed as of now.

## Funding rounds

- Series A, Oct 2, 2023, $6M — Innova Memphis, Fulcrum Global Capital, Leaps by Bayer
- Series A, Nov 20, 2020, $8.9M — Fall Line Capital, Innova Memphis, Lewis & Clark Ventures, Leaps by Bayer, Agventure Ltd., KZValve, Sukup Manufacturing, ISA Ventures

## Investors

- Fall Line Capital (https://capitalatlas.ai/funds/fall-line-capital) — Series A
- Innova Memphis (https://capitalatlas.ai/funds/innova-memphis) — Series A
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series A
- Leaps by Bayer (https://capitalatlas.ai/funds/leaps-by-bayer) — Series A
- Agventure Ltd. — Series A
- KZValve — Series A
- Sukup Manufacturing (https://capitalatlas.ai/funds/sukup-manufacturing) — Series A
- ISA Ventures (https://capitalatlas.ai/funds/isa-ventures) — Series A
- Fulcrum Global Capital (https://capitalatlas.ai/funds/fulcrum-global-capital) — Series A