AgFunder, an equity crowdfunding platform that targets the global agriculture industry, launched their first investment opportunity last month with big data company OnFarm. Â In a recent update, AgFunder has shared that funding has now surpassed the halfway mark standing at 58% having raised $230,000 on a goal of raising $400,000 in a convertible note. Â There are still 80 days left in this funding round so there is plenty of time. Â Investment participation has come from private individuals and institutions including Launch Capital.
With big data demand expected to reach $20 billion by 2020 the space OnFarm occupies is pretty appealing. The OnFarm software is a data integration device that takes multiple variables so farmers may make better planning and planting decisions. Â The small company has projected revenues to hit $1 million for all of 2014.