Farming-As-A-Service Technology Manufacturer Sabanto Announces $17M Series A Financing
Gunderson Dettmer represented Chicago-based client Sabanto, a farming machinery manufacturer, in the announcement of its $17 million Series A financing led by Fulcrum Global Capital. Sabanto’s farming-as-a-service
In the announcement of the transaction, founder and CEO Craig Rupp said, "We started Sabanto with our sights set on fixing the lack of labor and resetting the out-of-control capital expenses in agricultural machinery. We see a future of smarter, smaller, lighter, less expensive, and more sustainable swarms of autonomous equipment, substituting horsepower and weight for time. We've assembled a team of actual ag-experienced engineers and scientists, working alongside real farmers, proving this isn't just a thought exercise."
The Gunderson Dettmer deal team was led by Joe Raffetto and included Nicholas Agate, Garrett Darling, and Andrew Cabral.