Growers Edge, a financial technology company serving the ag industry, announced this week the successful close of a $15 million Series B extension round of financing.
The latest round of funding was led by S2G Ventures and Cox Enterprises, along with existing investors iSelect Fund, Skyline Global Partners, Finistere Ventures and Bunge.
In conjunction with the funding news, the company also announced a leadership transition. Dan Cosgrove, the former CEO of Growers Edge, has stepped down from his role, effective immediately. The Board has selected Hollie Bunn to serve as Interim CEO and lead the company into the next phase of growth.
“As the Board and I looked toward the future, we saw a need to leverage fintech talent to complement the company’s deep ag expertise,” said Cosgrove. “Hollie Bunn delivers on that need, and as she assumes the reins of Growers Edge, I am confident her expertise, steady hand, and deep connection to the ag lending industry will be invaluable as Growers Edge scales to drive growth.”
Bunn joined Growers Edge in 2020 where she formerly served as Growers Edge’s Chief Lending Officer and Executive Vice President.
“Although agriculture is one of the largest and most complex financial markets in the world, I believe it has been terribly underserved,” said Bunn. “Leading Growers Edge into its next phase of growth to modernize and innovate financial solutions for the ag industry is a responsibility I am thrilled to accept.”