Avrio Capital is seeing a lucrative payout on money invested in Farmers Edge following the precision agriculture company’s refinancing earlier this year.
Farmers Edge, provider of a digital platform to help farmers boost crop production, in December announced an investment by Fairfax Financial, the holding company of Canadian billionaire Prem Watsa.
Terms weren’t disclosed for the deal, which wrapped up a few weeks ago. It may well have been Farmers Edge’s largest financing to date. That’s because in addition to recapitalizing the Winnipeg company, Fairfax injected fresh cash.
As part of the deal, Fairfax bought out stakes held by venture capital firms, which played a key role in the some $74 million Farmers Edge raised in prior rounds.
Among them was Silicon Valley heavyweight ... Continue Reading