Leaf Agriculture announced it raised $13 million in Series B funding co-led by Leaps by Bayer and industry investors.
The San Francisco-based company processes agricultural data from machinery, soil labs, weather stations, satellites and farm management software. It currently handles data covering 20% of global crop acres annually.
The funding comes as U.S. farm income is projected to decline for the fourth consecutive year. Fertilizer prices have risen more than 25% since the Iran war disrupted the Strait of Hormuz, and the USDA forecasts the smallest wheat crop since 1919.
Leaf’s platform helps crop insurers process claims in days rather than months. Agricultural retailers use the service to develop seed and chemical application rates, which can reduce waste for farmers facing higher input costs.
“Leaf allows more farmers to harness their FieldView data for crop insurance, sustainability and agronomic decision support through their connected partner network,” said Dr. Jeremy Williams, head of digital farming and commercial ecosystems at Bayer Crop Science.
The company works with agricultural retailers, input companies, crop insurers, food processors and commodity traders. Leaf has operated since 2021.
