Updated: Local Ag-tech Venture Conservis Raises $10m Debt For Farming Software


Local ag-tech Venture Conservis is raising investment to the tune of $7.7m debt funding, with $3.5m closed on per SEC disclosure.

Updated 12/14 7:00p Agfunder reports Conservis “has raised $10 million in debt financing from existing investors. The debt will provide bridge funding until the company raises a new equity round next year…

The downtown Minneapolis-based software maker allows farmers — from the solo to global — to “see their operation from the dirt up,” using the SaaS information management platform. Conservis reaped a $10m series A round last fall and placed former Monsanto CEO and Chairman Robert Shapiro on the board.