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Apparently, payday was last week. At least for Pattern Ag. On Thursday, the AgTech company based in Emeryville, California announced that it landed $35M in a Series B funding round that will be used to soup up operations. The Sultans of Soil Analysis: Using predictive soil analytics, Pattern Ag’s metagenomics platform has been dishing out soil and growing recommendations to farmers across the Midwest since 2018. In an effort to “maximize yield” and “optimize inputs,” Pattern Ag offers farmers three different soil test panels:
With all this data, farmers can make better decisions and swell their profits by a whopping $60/acre. Not exactly chump change. Led by Conti Ventures, the lengthy list of investors in this round are pretty much stoked about what the future holds for Pattern Ag. Soundbite: “…They have built a practical product that helps farmers increase their profitability. We are excited to help them continue to build a full stack predictive agronomy product…” —Chris Abbott, Co-Head of Conti Ventures Where this goes: Pattern Ag will use the funds to “expand” and “accelerate” its predictive soil analysis operations. Even better, climate experts are on board as well: “Healthy soils are critical…for climate change mitigation. [This] information architecture will enhance the microbiome to simultaneously optimize short-term agricultural yields and long-term global soil health.”—David Friedberg, founder of The Climate Corporation and The Production Board. |
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