Agrellus Secures $3.6 Million to Supercharge the Input Dealer Channel
Agrellus, the leading e-Commerce Agricultural Inputs Marketplace, continues its commitment to the agribusiness channel through exceptional margin retention features for the dealer while delivering comprehensive and competitive pricing to farmer, today announced it has completed a $3.6 million investment round of financing. True to its fundamental beliefs, its fast growing friends to farmers network have led the investment, paving the way for strategic partnerships with Agrellus in 2021.
LUBBOCK, Texas, Nov. 27, 2020 /PRNewswire-PRWeb/ -- Agrellus, the leading e-Commerce Agricultural Inputs Marketplace, continues its commitment to the agribusiness channel through exceptional margin retention features for the dealer while delivering comprehensive and competitive pricing to farmer, today announced it has completed a $3.6 million investment round of financing. True to its fundamental beliefs, its fast growing friends to farmers network have led the investment, paving the way for strategic partnerships with Agrellus in 2021.
The funding accelerates Agrellus' support of the ag input dealer channel, keeping business close to the community it serves. "Our commitment to the local and regional farmer and dealer is critical to any growing community," said Chris Johnson the Agrellus CEO. "When dollars return to the local farmers and dealers, those economies thrive." Agrellus expects continued dynamic growth as it executes its next three year sprint across the United States.
The financing builds on an exceptional year for Agrellus with exponential growth in grower user accounts, market momentum in dealer activity, and the addition of well targeted software development features to maximize margin retention for all participating dealers. Rusty Andrews, Chairman of the Agrellus Board remarks, "I am excited about how Agrellus will help to maintain the existing marketing channel by adding profitability to retailers through increased efficiency. At the same time, lowering the farmers cost of production."
The Agrellus platform brings exposure to the local dealer's product line through AgrellusNow™ and its soon to be released, Agrellus Spotlight™, exposing the right resources to farmers throughout the region. "We have made, and continue to make significant investment in the Agrellus platform, so the dealer can take advantage of the value of e-Commerce without the high cost of software development...less expense pushes more margin to the dealer," explains Evan Stone, VP of Operations and Business Development.
"The agricultural inputs industry is just now scratching the surface of how powerful e-Commerce can be when combined with the existing dealer ecosystem," states Johnson. "Having the financial support of our friends to the farmer network and our ongoing research and development with industry partners help us execute our vision even more rapidly to the benefit of the entire channel."
About Agrellus, Inc. (a Delaware corporation)
Agrellus is committed to preserving the sustainability of the American farmer as it enters a unique age of digital transformation. As a friend to farmers, we provide a no cost approach by utilizing current and practical technology to streamline every grower's business. Agrellus is devoted to the success of agribusiness and the thousands of families that make up the American farming landscape by providing practical and valuable cost controls in a highly competitive marketplace
Media Contact
Evan Stone, Agrellus, Inc., 806-778-3428, [email protected]
SOURCE Agrellus, Inc.
Share this article