Funding round
Farmers Business Network Series D
Farmers Business Network, which works in farmer marketplace retail in San Francisco, raised $110M in a Series D round announced on 30 Nov 2017, led by T. Rowe Price and Temasek. 9 firms took part. It is Farmers Business Network's fourth venture round on record; the one before was a Series C in Mar 2017.
$110M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
Farmers Business Network did not disclose a valuation in this round. It came 8 months after Farmers Business Network's Series C. It is 12% of the $951M Farmers Business Network has raised in the venture rounds on record. Farmers Business Network raised again 14 months later: a Series E round of $175M in Jan 2019. Its next priced round, a Series G in Nov 2021, valued it at $4.00B.
Farmers Business Network's funding rounds
Farmers Business Network has 8 venture rounds on record. This one is highlighted.
- Series A 1 Apr 2014 $5.6M
- Series B 9 Aug 2016, led by Acre Venture Partners $20M
- Series C 7 Mar 2017, led by GV and DBL Partners $40M
- Series D this round 30 Nov 2017, led by T. Rowe Price and Temasek $110M
- Series E 1 Jan 2019 $175M
- Series F 3 Aug 2020, led by BlackRock $250M
- Series G 19 Nov 2021, led by Fidelity Management & Research Company $300M$4.00B post-money
- Growth 28 Jul 2025 $50M
Investors
Who put money in
T. Rowe Price and Temasek led the round with 7 other firms.
Lead investors
- T. Rowe Price new investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- Foundation Capital backs 144 venture-backed companies new investor
- Campbell Soup Company new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Farms & Agriculture Production, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Farms & Agriculture Production | 26 Oct 2017 | $40M | not disclosed | Meraas Holdings and ADM Capital |
| Farms & Agriculture Production | 28 Jun 2018 | $55M | not disclosed | Cox Enterprises |
| Tech Companies | 30 Nov 2017 | $117M | $2.30B | Baillie Gifford |
| Monzo Banks & ATMs | 6 Nov 2017 | $93M | not disclosed | Stripes and Goodwater Capital |
| GetYourGuide Travel Agencies | 2 Nov 2017 | $75M | not disclosed | Battery Ventures |
| Tech Companies | 2 Nov 2017 | $60M | not disclosed | Run Liang Tai Fund (RLT) and Sunsea Telecommunications Co. Ltd. |
| Tech Companies | 8 Nov 2017 | $51M | not disclosed | Access Industries |
| Tech Companies | 8 Nov 2017 | $47M | not disclosed | Norwest |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Farmers Business Network raise in its Series D round?
Farmers Business Network raised $110M in its Series D round, announced in Nov 2017.
Who led Farmers Business Network's Series D round?
T. Rowe Price and Temasek led it, with GV, Kleiner Perkins, Acre Venture Partners, DBL Partners and Bow Capital and 2 more.
What was Farmers Business Network's valuation at the Series D round?
It was not disclosed.
Did Farmers Business Network raise again after this round?
Yes: a Series E round in Jan 2019 of $175M.