Crain's detroit business: Ann Arbor startup will announce $1M funding boost on Monday
Ann Arbor has no shortage of startup business, but one is expected to reach a milestone on Monday, according to a report in Crain's Detroit Business.
FarmLogs will announce that it reached $1 million in venture capital funding.
The financing, company founders hope, will allow FarmLogs to further develop and market its software that lets row farmers track information about their business.
According to the company's website, the software lets farmers "(f)orecast and measure profits, track expenses, manage risk, and get informed all from one place."
The co-founders are Jesse Vollmar and Brad Koch. Both are Saginaw Valley State University graduates.
According to an article in the New York Times, Farmlogs is one of the nation's few software programs designed for farmers.