# AGI takes minority stake in Farmobile for US$15M

Ag Growth International (AGI) made a US$15 million minority equity investment in ag tech firm Farmobile, effective July 17, 2019, with the right to appoint two directors to Farmobile's board.

- Type: Investment
- Announced: 2019-07-16
- Where: Kansas City area, United States
- Value: $15.0M
- Status: announced
- Products: grain handling equipment, farm data collection hardware and software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ag Growth International](https://endata.com/companies/19641.md) (investor)
- [Farmobile](https://endata.com/companies/40763.md) (target)

## Sources

- [grainews.ca](https://www.grainews.ca/daily/grain-equipment-firm-agi-takes-stake-in-farmobile/), 2019-07-18: "Our investment in Farmobile substantially expands our technology platform and integrates automated data collection seamlessly within our IntelliFarms SureTrack farm management and grain exchange platform."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.