Stable Finalizes $60M Series B to Address Commodity Market Crisis

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B.

The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also taking part,

As confirmed in the update, Acrew’s Vishal Lugani will now be joining Stable’s Board of Directors.

The COVID-19 outbreak and the ongoing war/crisis in Ukraine are resulting in supply chain issues across the globe, pushing the agri-food sector into uncharted territory.

Around 44% of the global supply of Wheat, Sunflower and Rye has reportedly come from Ukraine, which is leading to a major secondary wave of volatility across the sector and is becoming a major threat to the survival of vital parts of the supply chain.

Vishal Lugani, General Partner & Co-Founder of Acrew Capital, stated:

“Over the last two years, no business has been spared from the uncertainty that stems from volatile commodity prices. Any savvy business leader that is affected by commodity price fluctuation should be using Stable’s cutting edge offering to manage this volatility. Acrew is glad to be partnering with Rich and team; in leading this investment round, we hope we can support Stable as they build a new category of risk management,”

Stable was launched back in 2017 by Rich Counsell in an old cow shed on his family farm in Somerset, United Kingdom.

Even though it had fairly humble beginnings, Counsell’s goal to make hedging simple and accessible meant the company grew steadily and now lists more than 500 untraded commodities that may be hedged via the platform.

Its wide range of customers reportedly include multinational food and drink companies as well as family farms across the Americas.

Stable said it will use the capital injection to assist customers with better understanding and managing their price risk.

New projects will see the aggregation of financial news via Stable Media, investment in the Stable Data product suite to visualize and assess the financial markets, and the development of Stable Risk™ from its current focus on options to providing customers with swaps and collars.

Rich Counsell, Stable CEO said:

“Hedging is seen as complex and risky to most business owners, yet the benefits of bringing stability and predictability to an income statement shouldn’t be reserved for giant multinationals and sophisticated traders. Businesses of every size, sector and location should have the ability to understand and manage their price risk so they can invest in the future with confidence.

As noted in the update:

“We’re really proud to partner with Acrew, Notion, Greycroft and all of our shareholders as we accelerate our plans to make a real impact in this vital sector and warmly welcome Vishal Lugani to the Board,”

Stephen Chandler, Managing Partner at Notion Capital, said:

“The disruption in the commodity markets has created an extraordinary opportunity to make a difference to this vital sector, and we’re delighted to support the team and their vision,”

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