About Summit Agricultural Group
Summit Agricultural Group is a company based in Webster City (United States) founded in 1990 by Bruce Rastetter. Agricultural products including crops and livestock are produced and supplied. Summit Agricultural Group has raised $1.11 billion across 6 funding rounds. Summit Agricultural Group has completed 1 acquisition, including Prairie Horizon Agri-Energy. Its chief executive, as recorded, is Bruce Rastetter. Summit Agricultural Group offers products and services including Farmland Investments and Renewable Fuels.
Company details
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.
- Headquarters Webster City, United States
- Founders Bruce Rastetter
- Email••••••••
- Phone•••• ••••
- Website summitag.com
- Social LinkedIn X Facebook Instagram
- Legal Name Summit Agricultural Group
- Total Equity Funding$1.11B (USD)
in 6 rounds
- Latest Funding Round$19.11M (USD), Series C
Jul 2024
- Investments & Acquisitions
Products & Services of Summit Agricultural Group
Summit Agricultural Group offers a comprehensive portfolio of products and services, including Farmland Investments and Renewable Fuels.
Investments in farmland are managed to support agricultural operations
Sustainable aviation fuel production is developed as part of renewable energy efforts
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 $1.11B
- Total Rounds 6
- Last Round Series C — $19.11M
- First Round $8.08M
(Jun 2014)
All 6 funding rounds of Summit Agricultural Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $19.11M | Series C | – | – | – |
| Jun 2023 | $3.65M | Series B | – | – | – |
| May 2023 | $1.44M | Series B | – | – | – |
| Apr 2023 | $12.31M | Series B | – | – | – |
| May 2022 | $1.07B | Series B | – | – | – |
| Jun 2014 | $8.08M | Series A | – | – | – |
People of Summit Agricultural Group
31 people are tracked at Summit Agricultural Group (12 in leadership, 19 in team).
| Name | Role | Group |
|---|---|---|
Bruce Rastetter | Founder & CEO | Leadership |
Garrett Gillen | Director | Leadership |
J.d. Schlieman | Operating Partner | Leadership |
Ashley Anderson | Director - Tax And Trust Administration | Leadership |
Rafael Abud | General Manager - Brazil | Leadership |
Justin Kirchhoff | Chief Executive Officer | Leadership |
Jacob Lauritson | Chief Financial Officer | Leadership |
Eric Peterson | President & Chief Operating Officer | Leadership |
Kirk Beaubien | Managing Director, U.s. Real Estate | Leadership |
Eric P. | President | Leadership |
Dhamu Thamodaran | Strategic Partner | Leadership |
Jon Probst | Managing Director | Leadership |
Josh Hobson | Cattle Manager | Team |
Scott Jacobsen | Environmental Manager | Team |
Collin Swenson | Land Acquisition Business Development Specialist | Team |
Kevin Archer | Swine Production Manager | Team |
Mathias Peters | Business Development Manager | Team |
Austin Kessler | Land Acquisition Business Development Specialist | Team |
Justin Bahr | Accredited Farm Manager | Team |
Brian McLennan | Controller | Team |
11 more people are available in the full profile.
Complete people profiles for Summit Agricultural Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of ethanol production solutions | phaellc.com | Hays, United States | 2003 | Jul 2021 | •••• |
Complete acquisition details for Summit Agricultural Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Summit Agricultural Group
4 dated milestones of Summit Agricultural Group across 34 years, from founding to its latest funding, stage changes and deals.
- Founded Summit Agricultural Group is founded.
- Funding First funding round of $8.1M.
- Acquisition Acquires Prairie Horizon Agri-Energy.
- Funding Latest funding round, Series C, of $19.1M.
Web traffic of Summit Agricultural Group
The website of Summit Agricultural Group (summitag.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▼ 8% vs previous month
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Frequently Asked Questions about Summit Agricultural Group
Summit Agricultural Group was founded in 1990 and raised its 1st funding round 24 years after it was founded.
Summit Agricultural Group is headquartered in Webster City, United States. It is registered at Webster City, Iowa, United States.
Bruce Rastetter is the CEO of Summit Agricultural Group, as recorded in our data. They have also founded this 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 A of $8.08M, raised on Jun 2014.
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.
Summit Agricultural Group offers Farmland Investments and Renewable Fuels.
Summit Agricultural Group has made 1 acquisition, including Prairie Horizon Agri-Energy.
Summit Agricultural Group operates through Summit Agricultural Group.