Brief: Deal on AgFunder Gets Closer to Funding Goal

OnFarm LogoAgFunder, an equity crowdfunding platform that targets the global agriculture industry, launched their first investment opportunity last month with big data company OnFarm.  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.  There are still 80 days left in this funding round so there is plenty of time.  Investment participation has come from private individuals and institutions including Launch Capital.

AgFunderWith 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.  The small company has projected revenues to hit $1 million for all of 2014.

 

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