LOS ANGELES, 31 March 2022: Leaf, food and agriculture's data infrastructure company, has raised USD 5m in seed funding led by S2G Ventures with participation from all existing investors including Cultivian, Radicle Growth, and SP Ventures.
Software developers and companies of all sizes use Leaf's unified farm data API to send and receive user-permission data across platforms in a consistent, standardized way, enabling companies to build more sophisticated applications years ahead of schedule.
Leaf will use the funding to grow its commercial, customer success, and development teams globally, add support for new data types and launch new services like Field Operations to further realize their vision of empowering software developers to solve some of the world's most valuable health, economic, and environmental challenges.
Companies representing over 200M acres are already using Leaf's API to build and scale products for carbon and sustainability tracking, farm management, lending and insurance, biotech, land and input marketplaces, agronomy, food traceability, maintenance forecasting, and more.
By removing data infrastructure barriers, Leaf enables agtech companies ranging from solo founders to the largest Food and Agriculture companies in the world to focus on their core products and launch, go to market, and scale faster.
Food and Agriculture are among the largest - yet least digitized - industries in the world, providing a massive market opportunities for new agtech products and offerings to unlock value for farmers, food processors, retailers and consumers.
As a result, the agtech market is growing quickly. From helping farmers make more informed decisions in areas like farmland financing and carbon sequestration, agriculture companies are building digital products to unlock new value and their momentum is driving the demand for new tools to help power these applications.
Leaf's product addresses that demand. Leaf's unified farm data API allows anyone to send and receive user-permission data across platforms in a consistent, standardized way, eliminating the need to build and maintain multiple integrations and related backend infrastructure.
Bailey Stockdale, CEO and co-founder of Leaf, said "We started Leaf after experiencing the frustrations of developers working in food and agriculture first hand. Before Leaf, large and well-funded development teams would struggle for years to overcome inconsistent data access, formats, translation, organization, and integrations. Now, these same companies and teams of all sizes use Leaf to focus on building new value for their customers instead of maintaining redundant backend infrastructure."
"Our investment in Leaf supports its continued growth and success in being a catalyst for agtech development overall," said Cristina Rohr, Managing Director at S2G Ventures. "Farm data is only useful when it can be easily read and used. Leaf is rewriting the rules when it comes to building with farm data and we're excited to support them."
"We are pleased to see Leaf overachieve its milestones which triggered this financing ahead of plan. This is a testament to the leadership team and the demand for digital infrastructure in agriculture and food," said Kirk Haney, Managing Partner of Radicle Growth. "Leaf is making the use of data on the farm a reality, and we are extremely pleased to add S2G Ventures to the company."
