You Won’t BeLEAF What this $11.3M is For

Leaf Agriculture has raised $11.3M in funding as the company sets out to create the mecca of agricultural data.

Who? Leaf Agriculture is a farm data management platform that aims to change how producers farm. Think of it as a central hub for all the data from all of the different aspects of agriculture. 

Back it up: The data speaks for itself. In 2023, farmers were collecting data on 72% of all available farmland in the U.S, which is up from 33% in 2013. Meanwhile, 42% of farmers reported last year that the data had a major influence on their farm management, up from only 10% in 2017. This data collection is leafing previous crops in the dust, as yields continue to improve tremendously. 

How? Think big picture: seed and chemical, biotech, crop insurance, you name it. Leaf partners with many big names from various facets of the industry to house all the data together. Data is constantly being collected from all aspects of the industry to improve existing products and services while creating technology to make farming more efficient. 

Circle back to the money: The funds will be used to expand Leaf’s products, bring more partnerships to the table, and grow its team. One of the big investors is Spero Ventures, which led this round. 

Soundbite: “Crop insurance companies use Leaf to precisely determine the planted area from the data generated by the machines operating on the field. This is an extremely high quality source of data, and Leaf helps bring data from any tractor (hundreds of incompatible file formats) to a single, consistent format, allowing insurance companies to deploy their precision programs on any farm.” — Leaf CEO and co-founder G. Bailey Stockdale