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ProducePay

ProducePay

ProducePay is a new tech-based cash flow solution that provides domestic and foreign fresh produce farmers (growers) who ship to the U.S. with immediate access to distribution and financing. ProducePay's solutions provide the working capital fresh-produce growers? need to complete their harvest and grow. By leveraging our international network, ProducePay connects clients with interested fresh produce buyers and distributors. Interested distributors receive connection to a growing list of international farmers who might otherwise feel limited by current financing options.

ProducePay is a company that designed a trading platform to create a more sustainable form of providing farmers and the agricultural industry with financial resources. The platforms provide this industry and farm owners with instant access to financial liquidity, financing, and real-time data points for pricing allowing farmers to make informed financial choices.

ProducePay offers insights based on other farmers and key companies in the industry to offer further insights.

Timeline

May 24, 2021
ProducePay raises $43,000,000 through its Series C investment round, co-led by G2VP, IFC, and IDB with participation from Anterra Capital and Coventure, Astanor Ventures, IGNIA, and Finistere.
May 24, 2021
ProducePay raises a $43,000,000 series C round.
December 10, 2019
ProducePay raises a $205,000,000 venture round from CoVenture.
October 2018
ProducePay raises a $14,000,000 series B round from Anterra Capital, CoVenture, FJ Labs, Greenhouse Capital Partners, Moonshots Capital, Rabo Frontier Ventures, Social Leverage and Tribeca Early Stage Partners.
March 14, 2017
ProducePay raises a $70,000,000 venture round from CoVenture.
March 14, 2017
ProducePay raises a $7,000,000 series A round from Arena Ventures, CoVenture, Menlo Ventures, Moonshots Capital, Red Bear Angels and Social Leverage.
June 29, 2016
ProducePay raises a $2,500,000 seed round from Arena Ventures, CoVenture, Menlo Ventures, Moonshots Capital, Red Bear Angels, Social Leverage and Taurus Ventures.
June 30, 2015
ProducePay raises a $1,400,000 seed round from 500 Startups, Arena Ventures, CoVenture, Dorm Room Fund, Social Leverage, TYLT Ventures, Wonder Ventures and eLab Ventures.

Funding rounds

People

Name
Role
LinkedIn

Adam Corey

Investor

Ali Hamed

Investor

AngelList Enterprise Fund Manager

Investor

Avik Barat

Investor

ben dusastre

Employee

Brady Brim-DeForest

Investor

Christina Chandra

Investor

Dan Berman

Investor

Daniel Scalosub

Investor

Danny DeValdenebro

Employee

Dustin Rosen

Investor

Everett Neal

Investor

Gilles Marchand

Employee

Greg Gilbert

Investor

Hemant Bhardwaj

Advisor

Ian Rawluk

Employee

Jacob Lee

Employee

Jeremy Hudson

Employee

Jessica England

Employee

JIHAN BOWES-LITTLE

Investor

Justin Reis

Investor

Kevin Miller

Investor

Lhoucine Aderdor

Investor

Maggie Cheng

Employee

Maneesh Arora

Investor

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Further reading

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Documentaries, videos and podcasts

Title
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Companies

Company
CEO
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Products/Services

News

Title
Author
Date
Publisher
Description
Samantha Hurst
May 24, 2021
Crowdfund Insider
Click HERE to find out ⭐ Financing, Analytics, & Marketplace Startup ProducePay Scores $43 Million Through Series C Investment Round Co-Led By G2VP & IFC. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
FinSMEs
May 22, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Jonathan Shieber
December 10, 2019
TechCrunch
Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers. ProducePay offers farmers cash advances throughout the growing season to smooth the sometimes lumpy revenues and give farmers a bit more predictability, the company said. It buys produce ahead of delivery [...]

References

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