Farmer’s Business Network is raising $300M

Farmer’s Business Network has just authorized a new Series G preferred stock which could increase the valuation to $3.7 billion if all Series G shares are issued. The farmer-to-farmer agronomic information network company is previously backed by BlackRock, KPCB, Expanding Capital, GV, T. Rowe Price, Temasek Holdings, DBL Partners and Mandi Ventures to name a few. The most recent Series G round follows $250 million raised for Series F. The terms surrounding the Series G include pari passu liquidation preference with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $62.1578, an up round from Series F at $33.0566.