Smartwyre, a Denver, United States-based secure digital platform that connects agricultural input manufacturers, distributors, and retailers with the commercial insights they need to price with confidence, raised $10.5 million in Series A funding.
Led by High Alpha Capital, with participation from existing investors Anterra Capital, Fall Line Capital, Revolution’s Rise of the Rest fund, and Cavallo Ventures.
With the new funding, Smartwyre will be able to help more agricultural industry commercial leaders digitize their pricing and connect with their consumers.
Smartwyre also intends to use the funds to expand its sales, product development, engineering teams, and new capabilities to its digital platform and invest in current customer relationships.
Company: Smartwyre Inc
Raised: $10.5M
Round: Series A
Funding Month: September 2021
Lead Investors: High Alpha Capital
Additional Investors: Anterra Capital, Fall Line Capital, Revolution’s Rise of the Rest fund, and Cavallo Ventures
Company Website: https://www.smartwyre.com/
Software Category: Digital platform
About the Company: Smartwyre, headquartered in Denver, connects the agricultural inputs industry with an accurate and up-to-date product, price, and rebate program data. By connecting the cost management and commercial pricing activities within an agricultural input retailer, Smartwyre prevents mismatches between production levels and actual farmer demand, shrinking excess inventory and administrative headaches for business leaders.
Source: https://www.businesswire.com/news/home/20210909005055/en/Smartwyre-Secures-10.5M-Series-A-to-Connect-Agricultural-Inputs-Industry