Series B · Agritech
701x closes more than $10m Series B
Rancher-users and regional investors fund the cattle-technology company as it records its first profitable month.
Community backing and lower production costs
The oversubscribed round was funded by investors from North Dakota, Minnesota and ranching communities. The issuer says the financing included no institutional or venture-capital investors.
701x reported a 75% reduction in xTpro assembly costs through automation. With operations already in Canada, its next rollout targets several additional international markets while development continues on registry and feedlot software.
Funding history
Series B · This round>$10M