New funding: Seattle-based Ganaz, a startup centered on bringing workforce administration and monetary instruments to the agricultural sector, has raised $7 million in Collection A spherical. The brand new funding follows a yr of progress for the startup that noticed its buyer base enhance almost 10X in the course of the COVID-19 pandemic. It now serves greater than 175,000 meals business employees.
The tech: The corporate’s software program provides worker onboarding, coaching, communication and analytics instruments to farm employees, growers and meals processors throughout North America. Ganaz presently serves 75 employers throughout the U.S. and Mexico. Employers additionally use Ganaz to conduct nameless surveys for his or her workforce and communication with dispersed workers.
Ganaz CEO Hannah Freeman mentioned Ganaz hopes to broaden to eight further international locations, primarily in Latin America, by the top of the yr.
New monetary tech: Later this yr, the corporate will broaden with a Mastercard Payroll Card service to digitize monetary paperwork for its clients. It hopes to remove paper checks, which Freeman mentioned 90% of the business nonetheless makes use of. Over time, Freeman mentioned these monetary companies might develop to be about two-thirds of the corporate’s enterprise.
Funding supply: The brand new funding is led by Trilogy Fairness with participation from Bessemer Enterprise Companions, Founders’ Co-op, Taylor Ventures, AgFunder and Techstars.
“We invested in Ganaz as a result of we basically consider that you are able to do very effectively by doing good, and we’ve seen that in different mission-driven corporations in our portfolio,” Peter van Oppen, a companion at Trilogy Fairness and new Ganaz board member, mentioned in an announcement. To this point, Ganaz has raised $10.four million in funding.
The workforce: Ganaz presently employs 11 individuals. Freeman mentioned her firm will quickly rent greater than 30 new workforce members throughout the corporate, which is a Techstars Seattle graduate. Freeman beforehand labored at Truthful Commerce USA earlier than launching Ganaz with Sri Artham, who left the corporate in 2018 and went on to discovered plant-based meat startup Hooray Meals in San Francisco.