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Cooperative Ventures Announces First Investment In Ag Startup

PRIVATENov 04, 2022

Round Type

Venture

ChicagoManufacturingEnergyOil And GasAgriculture and FarmingRenewable EnergyFarmingBiomass Energy

Description

Cooperative Ventures, a venture capital fund formed by North America's leading agricultural cooperatives, today announced its first investment in Sabanto, a hardware and software company on the forefront of developing autonomous capabilities in tractors. Sabanto, founded in 2018, is deploying fully-autonomous machinery performing row crop field operations throughout the U.S.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Sabanto that raised within 45 days of this round, from Fundz verified event records.

  • TECO2030 raised an undisclosed amount (Corporate Round) on November 14, 2022.
  • Amprius Technologies raised $1M (Seed) on September 27, 2022.
  • AmmPower Corp raised $19K (Seed) on September 26, 2022.
  • Ascent Solar Technologies raised $2.5M (Seed) on December 19, 2022.
  • Cirba Solutions raised $200M on December 15, 2022.
  • Atlas Water & Electric raised an undisclosed amount (Funding Round) on December 13, 2022.

Who to call at Sabanto, and when

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Company Information

Company

Sabanto

Location

Chicago, Illinois, United States

About

Leveraging a fleet of smaller 60 and 90 HP tractors, the company has autonomously tilled, planted, seeded, weeded, applied, and mowed across Illinois, Iowa, Indiana, Missouri, Nebraska, Minnesota, North Dakota, Wisconsin, and Texas. "Finally, a company is solving our labor problems and taking us in the other direction. This capital will also allow the company to increase its Farming-as-a-Service operations to more farmers, on more crops, over more acres, across more states. Continue ReadingSabanto Autonomous Machine"We started Sabanto with our sights set on fixing the lack of labor and resetting the out-of-control capital expenses in agricultural machinery.

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Sabanto raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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