Having outgrown its first digs at Invest Ottawa’s incubator space, FarmLead picked up its roots and moved into a new office space this week.
The agri-tech firm, which hosts an online marketplace for grain dealers across North America, set up shop at 240 Bank St. on Thursday, leasing a 2,800 square foot space with room for roughly 30 employees.
FarmLead has called Invest Ottawa’s incubator home since its inception, but armed with a US$6.5 million seed round from this past March, the 31-person firm’s expansion plans necessitated a new office in Chicago and space of its very own in Ottawa.
(Sponsored)
How Carleton is using simulation and visualization to improve training, design and human performance
From healthcare to aviation to architecture, simulation and visualization tools have become an essential part of training, analysis and decision-making in sectors that rely on precision. At Carleton University, researchers
New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
Caroline Cao has been impressed by many aspects of uOttawa’s Faculty of Engineering since being appointed dean in August. But it was after the faculty’s recent Design Day – a
FarmLead told OBJ in April that more than 4,000 farmers now use its platform. FarmLead has processed the sales of roughly 1.4 million tonnes of grain since its inception, with the average transaction valued at $70,000.
The firm’s rapid growth has also attracted the attention of Forbes, which listed FarmLead among its top 25 innovative agri-tech firms around the world. Forbes writes that the industry is primed for a breakout, noting that the listed firms have totalled more than $400 million in financing, but with no clear winners, “it’s hard to say who might become the Facebook or Amazon of the scene.”
