About Conservis
Conservis is a company based in Minneapolis (United States) founded in 2009 by Michael Borman and Sherman Black was acquired by Rabobank in July 2021.. Conservis has raised $50.3 million across 15 funding rounds from investors including TELUS, Rabobank and Cultivian Sandbox. The company has 54 employees as of December 31, 2022. Conservis offers products and services including Farm Management Software and Data Analytics Tools. Conservis operates in a competitive market with competitors including xFarm, CropX, CropIn, Arable and Semios, among others.
- Headquarter Minneapolis, United States
- Employees 54 as on 31 Dec, 2022
- Founders Michael Borman, Sherman Black
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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 Conservis Corp.
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Products & Services of Conservis
Conservis offers a comprehensive portfolio of products and services, including Farm Management Software and Data Analytics Tools. 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.
Platform for planning and tracking farm activities and finances.
Tools for yield analysis and inventory management in farming operations.
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Funding Insights of Conservis
Conservis has successfully raised a total of $50.3M across 15 strategic funding rounds. The most recent funding activity was a Series B round of $9.08 million completed in September 2020. 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 15
- Last Round Series B — $9.1M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2020 | Amount | Series B - Conservis | Valuation |
investors |
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| Feb, 2020 | Amount | Series A - Conservis | Valuation |
investors |
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| Sep, 2019 | Amount | Series A - Conservis | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Conservis
Conservis has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include TELUS, Rabobank and Cultivian Sandbox. 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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Founded Year | Domain | Location | |
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Foodtech and agtech sectors are invested in by Middleland Capital.
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Family-owned farm growing potatoes, vegetables, corn, peas, beans, and soybeans sustainably.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Conservis
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Conservis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Conservis Comparisons
Competitors of Conservis
Conservis 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 xFarm, CropX, CropIn, Arable and Semios, 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 |
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| domain | founded_year | HQ Location |
Farm management solutions are delivered via an IoT-sensor platform.
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| domain | founded_year | HQ Location |
Provider of wireless sensors for soil moisture monitoring
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| domain | founded_year | HQ Location |
Provider of farm management software solutions utilizing artificial intelligence and earth observation technology for improved crop productivity and decision-making
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| domain | founded_year | HQ Location |
IoT-based farm monitoring and crop management solutions are provided.
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| domain | founded_year | HQ Location |
Data and analytics are delivered for precision crop management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Conservis
Frequently Asked Questions about Conservis
When was Conservis founded?
Conservis was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Conservis located?
Conservis is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Conservis?
Sherman Black is the current CEO of Conservis. They have also founded this company.
Is Conservis a funded company?
Conservis is a funded company, having raised a total of $50.3M across 15 funding rounds to date. The company's 1st funding round was a Series A of $6.36M, raised on Nov 21, 2012.
How many employees does Conservis have?
As of Dec 31, 2022, the latest employee count at Conservis is 54.
What does Conservis do?
Conservis was founded in 2009 in Minneapolis, United States, within the agriculture technology sector. Cloud-based applications are provided to enable the recording of farm data and the integration of machine data for real-time monitoring of farming operations. Budgeting processes, inventory, and purchasing activities are managed through these tools. Crop-specific solutions are available for row crops, permanent crops, and multi-farm setups.
Who are the top competitors of Conservis?
What products or services does Conservis offer?
Conservis offers Farm Management Software and Data Analytics Tools.
Who are Conservis's investors?
Conservis has 5 investors. Key investors include TELUS, Rabobank, Cultivian Sandbox, Heartland Farm, and Middleland Capital.
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