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
*********
- Legal Name Agvend Inc.
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $42.8M
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First Round
First Round
(04 Apr 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - AgVend | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - AgVend | Valuation |
investors |
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| Apr, 2018 | Amount | Seed - AgVend | Valuation | Drew Oetting |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in technology startups
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Founded Year | Domain | Location | |
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Venture capital investments in pre-seed and seed stages, focusing on founders.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AgVend
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AgVend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Agvend Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of commodity trade and risk management solutions
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| domain | founded_year | HQ Location |
Services of marketing of agricultural produce for farmers
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| domain | founded_year | HQ Location |
Software solutions for vegetable delivery management are provided.
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| domain | founded_year | HQ Location |
Operates an online B2B e-commerce platform for cotton trading and solutions.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for an agricultural marketplace for farmers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Agvend
Frequently Asked Questions about AgVend
When was AgVend founded?
AgVend was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is AgVend located?
AgVend is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of AgVend?
Alexander Reichert is the current CEO of AgVend. They have also founded this company.
Is AgVend a funded company?
AgVend is a funded company, having raised a total of $45.46M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.75M, raised on Apr 04, 2018.
What does AgVend do?
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.
Who are the top competitors of AgVend?
AgVend's top competitors include Agiboo, Yuanben Licaibao and FarmHedge.
Who are AgVend's investors?
AgVend has 8 investors. Key investors include FJ Labs, Drew Oetting, Green Bay Ventures, Precursor Ventures, and The House Fund.