Ambrook, a New York–based agtech startup, has raised $26.1 million in Series A funding to bring modern financial tools to the farm. According to a report in Fortune, the round was led by Thrive Capital and Dylan Field, CEO of Sequoia-backed Figma through Field Ventures, with participation from Homebrew, BoxGroup, Designer Fund, Mischief and Not Boring. The raise brings Ambrook's total funding to approximately $29 million, following a seed round in early 2021, according to Crunchbase.
Founded in 2021, Ambrook builds accounting and financial management software tailored specifically to farmers and ranchers, a segment that has been lacking for the tailored solutions it needs. Products like QuickBooks struggle with agriculture's unique challenges, such as vertical integration, government subsidies and the biologically driven lifecycles of crops and livestock, leaving busy farmers with the burden of navigating these complex software solutions on their own time.
That complexity is exactly what Ambrook is tackling. Its platform offers real-time visibility into revenue streams, input costs, crop yields and livestock cycles, all from a single dashboard. The company's mission is to give farmers the financial clarity and control they need to stay competitive and independent.
"What Ambrook solves for me is time management," said Chase Crandall, a sixth-generation rancher in Wyoming cited by Fortune. "Everything's live, and I don't have to manually update anything. Our margins matter, because there's so much you can't control."
Read more at GlobalAgInvesting