ProducePay Raises $14 Million Series B Funding

Los Angeles-based ProducePay, which provides fresh produce farmers with financial resources, tech tools, and data insights, has secured $14 million in a Series B Funding round led by Anterra Capital, with participation from Rabo Frontier Ventures (Rabobank strategic investment fund), Coventure, Social Leverage, FJ Labs, Greenhouse Capital, Moonshots Capital, and Tribeca Angels.

In addition to cash flow solutions, ProducePay’s online trading and data insights tools are designed to allow verified distributors and grower-shippers to find new business partners, communicate digitally, and access real-time pricing and market conditions.

The company plans to use the funds to finance its next growth phase as it scales its financing business and develops its software platform.