About Summit Agricultural Group
Summit Agricultural Group is a company based in Webster City (United States) founded in 1990 by Bruce Rastetter.. Summit Agricultural Group has raised $1.11 billion across 6 funding rounds. Summit Agricultural Group has completed 1 acquisition, including Prairie Horizon Agri-Energy. Summit Agricultural Group offers products and services including Farmland Investments and Renewable Fuels.
- Headquarter Webster City, United States
- Founders Bruce Rastetter
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Phone
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Website
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- Legal Name Summit Agricultural Group
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.11 B (USD)
in 6 rounds
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Latest Funding Round
$19.11 M (USD), Series C
Jul 09, 2024
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Summit Agricultural Group
Summit Agricultural Group offers a comprehensive portfolio of products and services, including Farmland Investments and Renewable Fuels. 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.
Investments in farmland are managed to support agricultural operations
Sustainable aviation fuel production is developed as part of renewable energy efforts
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Funding Insights of Summit Agricultural Group
Summit Agricultural Group has successfully raised a total of $1.11B across 6 strategic funding rounds. The most recent funding activity was a Series C round of $19.11 million completed in July 2024. 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 6
- Last Round Series C — $19.1M
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First Round
First Round
(04 Jun 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Series C - Summit Agricultural Group | Valuation |
investors |
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| Jun, 2023 | Amount | Series B - Summit Agricultural Group | Valuation |
investors |
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| May, 2023 | Amount | Series B - Summit Agricultural Group | 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 |
investors |
Investments & Acquisitions by Summit Agricultural Group
Summit Agricultural Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Prairie Horizon Agri-Energy. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of ethanol production solutions
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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 - Summit Agricultural Group
| 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 |
Summit Agricultural Group Comparisons
Competitors of Summit Agricultural Group
| 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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Frequently Asked Questions about Summit Agricultural Group
When was Summit Agricultural Group founded?
Summit Agricultural Group was founded in 1990 and raised its 1st funding round 24 years after it was founded.
Where is Summit Agricultural Group located?
Summit Agricultural Group is headquartered in Webster City, United States. It is registered at Webster City, Iowa, United States.
Who is the current CEO of Summit Agricultural Group?
Bruce Rastetter is the current CEO of Summit Agricultural Group. They have also founded this company.
Is Summit Agricultural Group a funded company?
Summit Agricultural Group is a funded company, having raised a total of $1.11B across 6 funding rounds to date. The company's 1st funding round was a Series B of $1.44M, raised on Jun 04, 2014.
What does Summit Agricultural Group do?
Summit Agricultural Group was founded in 1990 and is headquartered in Webster City, United States. Operations are focused on the agriculture sector, where crops such as soybeans and corn are cultivated, and livestock including beef and pork is reared. Products are supplied through subsidiaries, with additional involvement in investment development for farming businesses via Summit Ag Investors.
What products or services does Summit Agricultural Group offer?
Summit Agricultural Group offers Farmland Investments and Renewable Fuels.
How many acquisitions has Summit Agricultural Group made?
Summit Agricultural Group has made 1 acquisition, including Prairie Horizon Agri-Energy.