About AgVend
AgVend is a company based in Minneapolis (United States) founded in 2017 by Alexander Reichert and Eli Rosenberg. AgVend has raised $45.46 million across 3 funding rounds from investors including FJ Labs, Drew Oetting and Green Bay Ventures. AgVend operates in a competitive market with competitors including Agiboo, Farmtasy, Yuanben Licaibao, Mianzhuang and AgriKheti, among others.
- Headquarter Minneapolis, United States
- Founders Alexander Reichert, Eli Rosenberg
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Sectors
Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Agvend Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$45.46 M (USD)
in 3 rounds
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Latest Funding Round
$42.76 M (USD), Series A
Jan 30, 2025
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Investors
FJ Labs
& 7 more
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Employee Count
Not available
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People of AgVend
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Funding Insights of AgVend
AgVend has successfully raised a total of $45.46M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $42.76 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AgVend
AgVend has secured backing from 8 investors, including angel and venture fund investors. Prominent investors backing the company include FJ Labs, Drew Oetting and Green Bay Ventures.
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Venture capital firm investing in technology startups
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Venture capital investments in pre-seed and seed stages, focusing on founders.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Investor details for AgVend
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Investments & Acquisitions by AgVend
Investment portfolio details for AgVend
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Financial Statements - AgVend
Detailed financials for AgVend
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Agvend Comparisons
Peer comparison for AgVend
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Competitors of AgVend
AgVend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Agiboo, Farmtasy, Yuanben Licaibao, Mianzhuang and AgriKheti, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of commodity trade and risk management solutions
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Services of marketing of agricultural produce for farmers
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Software solutions for vegetable delivery management are provided.
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Operates an online B2B e-commerce platform for cotton trading and solutions.
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Provides comprehensive solutions for an agricultural marketplace for farmers.
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Detailed competitors of AgVend
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Latest news on Agvend
Complete news archive for AgVend
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Frequently Asked Questions about AgVend
AgVend was founded in 2017 and raised its 1st funding round 1 year after it was founded.
AgVend is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Alexander Reichert is the current CEO of AgVend. They have also founded this company.
AgVend is a funded company, having raised a total of $45.46M across 3 funding rounds to date.
AgVend was founded in 2017 in Minneapolis, United States, as a provider of a web-based platform serving the agriculture sector. Operations focus on facilitating invoice and statement payments, accessing grower purchase histories, submitting product and pricing requests, and viewing past deliveries. Quote requests are supported, along with payment options. Live sharing, editing, and approval of field plans are also enabled for users in agri-businesses.
AgVend's top competitors include Agiboo, Yuanben Licaibao and FarmHedge.
AgVend has 8 investors. Key investors include FJ Labs, Drew Oetting, Green Bay Ventures, Precursor Ventures, and The House Fund.