The Vancouver-based agtech said the funding round, led by Boston-based Morningside Group, would fuel its research and development, as well as its deployment of solutions for farmers. CEO Michael Gilbert said the round pushed the company’s valuation above $1 billion. (The Logic, The Globe and Mail)
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The Vancouver-based agtech said the funding round, led by Boston-based Morningside Group, would fuel its research and development, as well as its deployment of solutions for farmers. CEO Michael Gilbert said the round pushed the company’s valuation above $1 billion. (The Logic, The Globe and Mail)
Talking point: Semios has now raised more than $225 million, including a US$75-million round also led by Morningside last year. The funding helped Semios snap up Agworld, Centricity and Altrac. Gilbert told The Globe and Mail that Semios is in talks with other possible acquisition targets and expects to make another deal within six months. He expects Semios may go public in a few years, after it reaches US$100 million in annual revenue—roughly double what it currently brings in. Semios is the latest unicorn in B.C., where the tech sector is maturing and spawning more talent, investment and startups.
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