Fundz

Silo Technologies Raises $132 Million in New Capital

PRIVATEFeb 02, 2024

Amount Raised

$132 Million

Round Type

Funding Round

San FranciscoSoftware

Investors

First Citizens BankKoch Disruptive Technologies

Description

Silo Technologies has raised $132 million in new capital, including a $32 million Series C round and a $100 million funding facility from First Citizens Bank. The funding round was led by Koch Disruptive Technologies.

Quick answer

Silo raised $132 Million in a Funding Round round, dated February 2, 2024. Investors: First Citizens Bank and Koch Disruptive Technologies. Silo is based in San Francisco, California, United States.

How much did Silo raise?
Silo raised $132 Million in a Funding Round round on February 2, 2024.
Who invested in Silo?
First Citizens Bank and Koch Disruptive Technologies are named as investors in this round.
What does Silo do?
Silo is on a mission to revolutionize the wholesale produce supply chain through technology.
Where is Silo based and how big is it?
Silo is based in San Francisco, California, United States.
Who are the decision-makers at Silo?
Fundz holds 1 contact at Silo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

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

  • Axonius raised $200M (Funding Round) on March 18, 2024.
  • Interfield Global Software Inc. raised $2M (Seed) on March 18, 2024.
  • OpenMeter raised $3M (Seed) on March 18, 2024.
  • Carlsmed raised $53M (Series C) on March 18, 2024.
  • Luminary Cloud raised $115M (Series A) on March 18, 2024.
  • Synch raised $3M (Seed) on March 18, 2024.

Who to call at Silo, and when

A new round usually means Silo is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Silo raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Silo, from your own LinkedIn network

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Company Information

Company

Silo

Location

San Francisco, California, United States

About

Silo is on a mission to revolutionize the wholesale produce supply chain through technology. Our vision is to bring efficiency and transparency to all stakeholders, and reduce waste in all forms and in all parts of the supply chain. Our customers run essential businesses and deserve software that enables them to sustainably grow and evolve their operations - and we’re committed to providing it. Silo is a mission-critical cloud software platform. Our features are built to optimize purchasing, selling, inventory management, vendor/customer management, accounting, reporting, packing, and logistics -- Silo’s technology spans the breadth of our customer’s businesses. Our customers are growers, packers, distributors, and many others, located throughout the US. Founded in 2018 in the Bay Area, Silo expanded to all of California and New York City in 2020. Now in early 2021, we’re in Washington and Pennsylvania. Between 2020-2021, our team tripled in size and is now located across the globe, with employees in Pakistan, Poland, Germany, and the U.K. Thanks to our amazing teams, Silo raised a Series A in 2019 and a Series B in 2021 from committed investment partners like A16Z, Initialized, and Haystack Silo’s funding comes from seasoned investors with portfolios that span well known fintech, SaaS, and marketplace companies. Co-founders Ashton Braun and Antonio Bustamante share a strong and successful history together. Previously part of a founding team at another start-up, they joined forces again to rebuild the agricultural supply chain with Silo. Ashton and Antonio are committed to building a mission driven company where people love to work and grow together. Our focus on building impactful software comes from the direct work our teams do with our users in their warehouses, back offices, and even overnight. Our team is hands-on, passionate, motivated, collaborative, and fun -- and growing! If you’re interested in joining us, we’d love to hear from you.

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