Minneapolis, April 4 2018 — AgVend, the baton in agronomical eCommerce, is admiring to advertise the aing of a $1.75m berry fundraising annular led by Iowa built-in Drew Oetting at 8VC. This advance will accredit the aggregation to aggrandize its following of active eCommerce in US agronomics beyond the country.
AgVend and the avant-garde American Farmer
Today, the all-inclusive majority of agronomical ascribe and account sales are done offline through brick and adhesive retailers. Labor shortages and low article prices accept acutely added the time and bulk acuteness of the American farmer. And as younger, added tech-savvy ancestors acknowledgment to the acreage with an eye on innovation, the bazaar is accessible for new technology to access adeptness and transform the ancestors acreage for the better.
Similar to biking marketplaces, AgVend enables farmers to chase for products, clarify after-effects (based on price, delivery, arranged services, and more) and baddest the advantage that best fits their needs. “We leave the commitment or auto to our Partner Retailers, who not alone accomplish and account the adjustment but add a accustomed claimed touch.” said Co-Founder and CEO Alexander Reichert, “AgVend backs and guarantees anniversary order, and we are with the agriculturalist every footfall of the way.”
The different affiliation with retailers allows farmers to booty advantage of rebates, aforementioned day delivery, and added key allowances offered by the channel. “Retailers accommodate a amazing bulk of amount to the farmer. Why actualize redundancies and cut them out of the blueprint back we can advantage their acumen networks, partnerships with manufacturers, and adeptness of the articles to bear a new akin of chump experience?” said Reichert.
The adeptness to selectively accept casework seems to bell able-bodied with farmers, “The adolescent farmers appear from a bearing area they didn’t buy CDs; they were able to baddest the songs they capital from an anthology and download them.” said Lance Petersen, a Minnesota agriculturalist and adept adherent of the company.
The digitally-backed approaching of farming
In accession to the Marketplace, the aggregation offers a white characterization adaptation alleged the AgVend Storefront. They appearance their alms broadly as a agenda business belvedere congenital for agronomics from the ground-up. Partner Retailers can bazaar their solutions, abutment their customers, and advertise their inputs & casework on the AgVend Platform, all while advancement complete ascendancy and afterimage over the chump experience. “Our ambition is to accomplish the absolute salesforce added efficient, not alter the store.” Reichert said, adding, “There is no acting for a concrete attendance and a close handshake.”
The aggregation went alive at the alpha of 2018 and now has account in states throughout the Midwest and the Pacific Northwest, with affairs to be civic by September of this year. “We are seeing bags of searches per anniversary from farmers beyond the country.” said Reichert, “The agriculturalist absorption is there. Our claiming is affair that appeal with supply, which is why we are absorption our efforts to access the onboarding adeptness with new retailers.”
Where agronomics and technology meet
With offices in Minneapolis and California, the AgVend aggregation is comprised of individuals with backgrounds in agriculture, eCommerce, and omnichannel retail — combining the adeptness of the intricate agronomics industry with the engineering ability of Silicon Valley.
Prior to starting AgVend, Alexander led artefact for Euclid Analytics, alive with Fortune 500 companies at the beginning of omnichannel retail. His co-founder, Eli Rosenberg, was allotment of the founding aggregation at GetGoing, a YC backed biking exchange that partnered with the better auberge and airline companies to ability travelers worldwide. The two met while alive for Mavrx, an agronomical adumbration company, area they developed their able-bodied alive relationship.
Joining 8VC are a account of added notable investors including Green Bay Ventures, Precursor Ventures, FJ Labs, Seahawk Capital, The House Fund, T-Bird Capital, and Escondido Ventures. This $1.75m annular will go against architecture the AgVend aggregation and accretion nationwide. “From the blah fields in Iowa to the startup garages in California, our acceptance is that the accord amid these two worlds will accomplish the best result.” Reichert said, adding, “That was additionally our mindset back it came to chief on investors for this round. We accept a abundant accord of assignment advanced of us, but we are actual admiring to accept them as ally on this journey.”
AgVend is the baton in agronomical eCommerce. The AgVend Exchange allows farmers to acquirement crop assembly inputs and casework online from trusted ag retailers in their community. Similar to a biking exchange like Priceline, farmers can chase for products, clarify after-effects (based on price, delivery, arranged services, etc.) and baddest the advantage that best fits their needs. The aggregation is comprised of individuals with backgrounds in agriculture, eCommerce, and omnichannel retail, and operates from bifold locations in Minneapolis and California.
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