The round was led by The Banc Funds Company with further support from new and existing investors. In addition to The Banc Funds Company, other investors in this round included 50 South Capital, The Andersons, Inc., Cargill, Germin8, Lewis & Clark AgriFood, The Scoular Company, and Conti Ventures (an investment group within Continental Grain Company).

Founded in 2011, Bushel is an independently-owned software company and leading provider of software technology solutions for farmers, grain buyers, ag retailers, protein producers, and food companies. Since its launch in 2017, the agriculture platform has grown rapidly, powering more than 2,600 grain and ag retail facilities across the U.S. and Canada with real-time business information for their producers. The platform is used for more than 45% of grain origination in the United States and Canada, resulting in one of the largest technology network effects among farmers and grain buyers in the U.S. Headquartered in Fargo, N.D., the Bushel platform includes its flagship mobile app, websites, trading tools, digital payments and money facilitation, market feeds, API services, farm management software, and a professional services division focused on agriculture. Bushel complies with SOC 2 standards and debit card transactions over PCI-certified networks.