FarmRaise

FarmRaise

Financial tools for small farmers

About FarmRaise

Simplify's Rating
Why FarmRaise is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Food & Agriculture

Company Size

11-50

Company Stage

Seed

Total Funding

$7M

Headquarters

San Francisco, California

Founded

2020

Overview

FarmRaise offers financial and organizational tools for small and beginning farmers, helping them secure funding and manage their operations. The main product is a mobile app that simplifies grant applications, particularly for USDA funding, and allows farmers to organize inventory, track expenses, and generate profit and loss statements. Unlike competitors, FarmRaise operates on a subscription model that provides access to a suite of resources tailored for farmers, saving them time and effort. The goal is to empower farmers to improve profitability and ensure the sustainability of their farms.

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Simplify's Take

What believers are saying

  • Increased digital tool adoption in agriculture boosts demand for FarmRaise's app.
  • USDA's increased funding for small farmers could expand FarmRaise's user base.
  • Partnerships with sustainability organizations enhance FarmRaise's market reach and credibility.

What critics are saying

  • Competition from other ag-tech startups could dilute FarmRaise's market share.
  • Reliance on USDA funding programs poses risks if government policies change.
  • Dependency on Truterra LLC partnership may affect FarmRaise's user base stability.

What makes FarmRaise unique

  • FarmRaise offers a mobile app that simplifies USDA grant applications for farmers.
  • The app works offline, aiding farmers who spend most of their time in the field.
  • FarmRaise provides a subscription service with a comprehensive suite of financial tools.

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Funding

Total Funding

$7M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$7.2M
FarmRaise

Benefits

Health Insurance

401(k) Company Match

Remote Work Options

Home Office Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

-3%
Business Wire
May 16th, 2024
Farmraise Introduces Groundbreaking Addition To Software Suite, Revolutionizing Farmer Financial Incentive Programs

DENVER--(BUSINESS WIRE)--FarmRaise launched its novel product aimed at transforming the administration of farmer-facing programs, including financial incentives and sustainability programs. This innovative solution marks a significant step forward in empowering farmers and institutions alike with user-friendly tools. FarmRaise delivers software and educational resources that enable farmers to master their farm funding. With a deep commitment to simplifying farm-specific administrative tasks, FarmRaise develops solutions that are simpler and more impactful than existing small business management systems. "At FarmRaise, we are dedicated to equipping farmers with the tools they need to thrive," said Jayce Hafner, CEO at FarmRaise. "Our latest software product represents a game-changer for organizations seeking to administer farmer-facing programs efficiently and effectively."

CropLife
Aug 19th, 2022
Truterra LLC partners with Farmraise

Truterra, LLC, the sustainability business and subsidiary of Land O’Lakes, Inc., has announced a new collaboration with FarmRaise to expand farmer access to its end-to-end funding software via ag retailers.

TechCrunch
Jan 22nd, 2022
FarmRaise aims to become a financial services giant, starting with farm grants | TechCrunch

You have to begin somewhere. When Jayce Hafner and Sami Tellatin bonded as Stanford MBA classmates over their shared belief that helping U.S. farms run

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