Inside Bushel® with Founder and CEO Jake Joraanstad…
The BARN – Briggsdale, CO – December 19, 2019 – With a strong focus on the supply chain, one company is revolutionizing and streamlining the way growers and elevators communicate. It’s an independently owned software company and leading provider of software technology solutions for growers, grain buyers, protein producers and food companies, called Bushel. They are helping the grain industry during a challenging time. The farm kids turned tech wiz’s recognized a gap in the market and created software products and solutions to make grain transactions throughout the value chain efficient and digital. On Dec 17th, Bushel announced their $19.5 million Series B Funding for reinvestment and expansion of their current products and services. The investment brings the total capital raised by the company to over $28 million since 2015, which has enabled several new software products and strong revenue growth. Get this…and as of today, Bushel’s platform touches over 15% of U.S. grain volume.
With that said, joining the Colorado Ag News Network and FarmCast Radio to discuss that in much more detail is Jake Joraanstad, BUSHEL’s founder and CEO…
- Jorannstad’s Background
- Bushel’s Dec 17th announcement and Investor Support
- Bushel’s History, Mission and Objectives
- Bushel’s Size & Scope in North America
- Bushel’s Products & Services
- The Bushel Difference
- You can Trust Bushel
- Bushel Contact Info
- Final thoughts
About Jake Joraanstad is the co-founder and CEO of Bushel. Jake is heavily involved in the #NorthOfNormal entrepreneurial community in Fargo, N.D. He co-founded Emerging Prairie, serves as a coach and participant at Startup Weekend Fargo, and helped launch 1 Million Cups in Fargo.
CHECK OUT THIS BUSHEL VIDEO
CHECK OUT THE DECEMBER 17, 2019 PRESS CONFERENCE
If you would like to learn more about Bushel, POWERING POSSIBILITIES, please visit www.bushelpowered.com
RELATED PRESS RELEASE
Bushel® Closes $19.5 Million Series B Investment Round Led by Continental Grain Company
Investment will accelerate Bushel’s digital connectivity for the agriculture value chain
FARGO, NORTH DAKOTA– Bushel, an independently owned software company and leading provider of software technology solutions for growers, grain buyers, protein producers and food companies, announced today the closing of its $19.5 million Series B investment round led by Continental Grain Company, a global holding company focused on agriculture, food and protein production. Participation from additional investors includes Lewis & Clark AgriFood, Germin8 Ventures and others, including previous investors. The capital and partnership of the syndicate will accelerate new offerings for the grain industry and the broader agriculture supply chain.
The investment brings the total capital raised by the company to over $28MM since 2015, which has enabled several new software products and strong revenue growth. Today, Bushel’s platform touches over 15% of U.S. grain volume. The company will use the capital to build upon its early success in grain industry technology and accelerate additional product offerings across the agriculture supply chain, including technology and solutions that improve profitability and market access for growers of all sizes; provide efficiency and insights for financial services and farm management companies across the value chain; link in-season production data and sustainable practices with downstream traceability; and enable direct and local sourcing of grains and other crops.
“We’re excited to have this group of incredible investors support us in our efforts to build software that strengthens relationships between consumers, grain buyers and producers,” said Jake Joraanstad,
Bushel co-founder and CEO. “This is one of the most impressive groups of investors in the ag-tech space today. Our independent and nimble approach in this market continues to resonate with our customers. This funding will help accelerate our product offerings for grain buyers, the producers they do business with and the entire agriculture supply chain.”
With a mission to connect and enhance the grain industry through digital infrastructure, Bushel is transforming the grain business through its software. Bushel provides real-time account information directly to growers by integrating into a grain elevator’s accounting system and market feeds. Offered through elevator-branded apps, Bushel powers real-time scale tickets, contracts, commodity balances, futures, prepaids, cash bids, settlements, e-sign and contract management.
“Farmers are experiencing some of their tightest margins ever,” Ryan Raguse, Bushel founder said. “Bushel continues to invest in the supply chain. We’re in the business of creating efficiencies and improving communication, and in turn more mutually beneficial relationships.”
Since launching in June 2017, the Bushel platform now serves 1,200+ grain receiving locations in the U.S. and Canada with 20,000 producers using Bushel-powered applications monthly. Bushel’s product suite also includes websites and market feeds, and a custom software division focused on agriculture.
Bushel will host a media event on Tuesday, Dec. 17 at 10 a.m., at the company’s headquarters located at 503 7th St. N, Fargo, in the basement level. A live stream of the event can be found on Bushel’s Facebook page for those unable to attend. Additional information about the application is available at bushelpowered.com.
Bushel is an independently owned software company and leading provider of software technology solutions for growers, grain buyers, protein producers and food companies, headquartered in Fargo, N.D. Since launching in 2017, Bushel’s software has powered 1,200+ grain facilities across the U.S. and Canada with real-time business information for their producers. Monthly, 20,000 producers utilize Bushel-powered apps, which touches over 15% of U.S. grain volume. Bushel is focused on bringing innovative software products and solutions to the agriculture industry.