About ProAg
ProAg is a company based in Amarillo (United States) founded in 1929.. ProAg has raised $25 million across 1 funding round. ProAg has completed 1 acquisition, including International Ag Insurance Solutions. ProAg offers products and services including Federal MPCI, Livestock Risk Protection, and Dairy Revenue Protection. ProAg operates in a competitive market with competitors including Crop Risk Services, James Allen Insurance, Farmers Protective Mutual Insurance Company, Forder Crop insurance and Harvest Risk Management, among others.
- Headquarter Amarillo, United States
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Sectors
Financial Services
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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 Producers Agriculture Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Sep 11, 2009
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of ProAg
ProAg offers a comprehensive portfolio of products and services, including Federal MPCI, Livestock Risk Protection, and Dairy Revenue Protection. 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.
Provides multi-peril coverage for crops against various risks.
Offers protection against market volatility for livestock profits.
Ensures revenue stability for dairy producers through risk management.
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Funding Insights of ProAg
ProAg has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in September 2009. 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 1
- Last Round Series B — $25.0M
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First Round
First Round
(11 Sep 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2009 | Amount | Series B - ProAg | Valuation |
investors |
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| 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 |
Investments & Acquisitions by ProAg
ProAg has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include International Ag Insurance Solutions. 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.
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Engineering and construction services for steel structures are provided.
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OVO is recognized as a smart digital payment application.
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ProAg
| 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 |
Proag Comparisons
Competitors of ProAg
ProAg 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 Crop Risk Services, James Allen Insurance, Farmers Protective Mutual Insurance Company, Forder Crop insurance and Harvest Risk Management, 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 |
Crop insurance is offered to agricultural stakeholders.
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| domain | founded_year | HQ Location |
Provides insurance for agricultural operations including farms and ranches.
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| domain | founded_year | HQ Location |
Serves as a mutual insurance firm for farmers.
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| domain | founded_year | HQ Location |
Provides crop insurance to protect Montana farmers from weather-related losses.
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| domain | founded_year | HQ Location |
Delivers comprehensive crop insurance services to protect farmers and agricultural businesses.
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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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Frequently Asked Questions about ProAg
When was ProAg founded?
ProAg was founded in 1929 and raised its 1st funding round 80 years after it was founded.
Where is ProAg located?
ProAg is headquartered in Amarillo, United States. It is registered at Amarillo, Texas, United States.
Who is the current CEO of ProAg?
Kendall Jones is the current CEO of ProAg.
Is ProAg a funded company?
ProAg is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Sep 11, 2009.
What does ProAg do?
ProAg was founded in 1929 and is headquartered in Amarillo, United States, within the agricultural insurance sector. Federal crop insurance is offered, including Multiple Peril Crop Insurance plans and endorsements, alongside crop hail coverage. Livestock products such as Livestock Risk Protection and Dairy Revenue Protection are available, supplemented by private insurance options. Policies are sold and serviced through a network of independent agents across relevant regions.
Who are the top competitors of ProAg?
ProAg's top competitors include Crop Risk Services, James Allen Insurance and Farmers Protective Mutual Insurance Company.
What products or services does ProAg offer?
ProAg offers Federal MPCI, Livestock Risk Protection, and Dairy Revenue Protection.
How many acquisitions has ProAg made?
ProAg has made 1 acquisition, including International Ag Insurance Solutions.