Minneapolis domiciled agricultural Ecommerce Startup AgVend has closed on $1.75m Series A investment.
Agvend was formed by entrepreneurs Eli Rosenberg and Alexander Reichert to bring crop protection inputs together with ag retailers:
“Today, the vast majority of purchases in the $60B+ US farm inputs market are done offline through agricultural retailers. AgVend shifts these purchases online and leverages the vast distribution networks of established retailers to fulfill the orders.”
AgVend was incorporated late last year and is already live with inventory in states throughout the Midwest and the Northwest, with goals to be nationwide by September of this year. Cofounder Reichert previously led product for Euclid Analytics, focused on omnichannel retail, while Rosenberg was on the founding team at GetGoing, a YC backed travel marketplace.
“Our development team sits and will remain in California and we currently have had a small sales operation located out of Medina. With this fundraise we are looking to expand the sales, business development and marketing teams and move our office to downtown Minneapolis,” Reichert explains of the colocation.
Investors include: Drew Oetting, partner at 8VC (San Francisco) Green Bay Ventures, Precursor Ventures, FJ Labs, Seahawk Capital, The House Fund, T-Bird Capital, and Escondido Ventures.