Bushel

Fargo, United States Founded: 2011 • Age: 15 yrs
Grain facilities monitoring solutions are delivered via subscription software.
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About Bushel

Bushel is a company based in Fargo (United States) founded in 2011 by Jake Joraanstad and Ryan Raguse.. Bushel has raised $101.5 million across 7 funding rounds from investors including Cargill, Germin8 and The Andersons. Bushel has completed 2 acquisitions, including FarmLogs and GrainBridge. Bushel offers products and services including Customer Relationship Management, Payments Management, Farm Management, and Trade Management. Bushel operates in a competitive market with competitors including Javelot, Centaur, TeleSense, Tolsma-Grisnich and Tsenso, among others.

  • Headquarter Fargo, United States
  • Founders Jake Joraanstad, Ryan Raguse
  • Sectors
    Agriculture
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Bushel Inc.
Operational Areas
Agriculture → Agricultural Technology & Innovation
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $101.5 M (USD)

    in 7 rounds

  • Latest Funding Round
    $26 M (USD), Series C

    Aug 22, 2023

  • Investors
    Cargill

    & 16 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
    FarmLogs

    & 1 more

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Products & Services of Bushel

Bushel offers a comprehensive portfolio of products and services, including Customer Relationship Management, Payments Management, Farm Management, and Trade Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Centralizes customer insights for agribusiness teams

Digitizes agriculture payments and financial workflows

Collaborates with farmers to optimize operations

Mitigates risks in grain offers and administrative tasks

People of Bushel
Headcount 50-200
Employee Profiles 55
Board Members and Advisors 3
Employee Profiles
People
Randy Gerhold
Chief Technology Officer
People
Jake Joraanstad
CEO & Co-Founder
People
Seth Watkins
Software Engineer
People
Ryan Raguse
Chief Innovation Officer & Co-Founder

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Board Members and Advisors
people
Marty Leestma
Director
people
Larry Page
Director
people
Ed Prosser
Director

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Funding Insights of Bushel

Bushel has successfully raised a total of $101.5M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $26 million completed in August 2023. 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 Rounds 7
  • Last Round Series C — $26.0M
  • First Round

    (19 Mar 2015)

  • Investors Count 17
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2023 Amount Series C - Bushel Valuation The Banc Funds
Apr, 2021 Amount Series C - Bushel Valuation Continental Grain Company , Lewis & Clark Agrifood
Dec, 2019 Amount Series B - Bushel Valuation Continental Grain Company
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Bushel

Bushel has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Cargill, Germin8 and The Andersons. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Private equity investments are targeted at financial service companies.
Founded Year Domain Location
A global alternatives firm focused on private equity and hedge funds.
Founded Year Domain Location
Venture capital investments are directed toward agriculture and food sectors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Bushel

Bushel has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FarmLogs and GrainBridge. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Farm management software is developed and provided for agricultural monitoring.
2011
Farm business management software is provided for commercial agriculture.
2007
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Bushel

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bushel Comparisons

Employees
+
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Competitors of Bushel

Bushel 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 Javelot, Centaur, TeleSense, Tolsma-Grisnich and Tsenso, 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
Remote monitoring solutions for post-harvest agricultural storage are provided.
domain founded_year HQ Location
Real-time monitoring and analytics for stored crops are provided.
domain founded_year HQ Location
IoT-based environmental monitoring and control solutions are provided by TeleSense.
domain founded_year HQ Location
Machinery for storage and processing of agriculture produce
domain founded_year HQ Location
Real-time temperature of sensitive goods is monitored via connected sensors.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Bushel

Frequently Asked Questions about Bushel

When was Bushel founded?

Bushel was founded in 2011 and raised its 1st funding round 4 years after it was founded.

Where is Bushel located?

Bushel is headquartered in Fargo, United States. It is registered at Fargo, North Dakota, United States.

Who is the current CEO of Bushel?

Jake Joraanstad is the current CEO of Bushel. They have also founded this company.

Is Bushel a funded company?

Bushel is a funded company, having raised a total of $101.5M across 7 funding rounds to date. The company's 1st funding round was a Series B of $19.5M, raised on Mar 19, 2015.

What does Bushel do?

The company was founded in 2011 in Fargo, United States, and operates in the agritech sector. Subscription-based software is provided for grain facilities, enabling app development and website building along with hosting services. Key features encompass commodity balances, data security measures, and cash bids. Operations focus on monitoring and management tools tailored to agricultural storage needs across the region.

Who are the top competitors of Bushel?

Bushel's top competitors include Centaur, TeleSense and Tsenso.

What products or services does Bushel offer?

Bushel offers Customer Relationship Management, Payments Management, Farm Management, and Trade Management.

How many acquisitions has Bushel made?

Bushel has made 2 acquisitions, including FarmLogs, and GrainBridge.

Who are Bushel's investors?

Bushel has 17 investors. Key investors include Cargill, Germin8, The Andersons, CGB Enterprises, and FoodBytes.

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