Cavallo Ventures, Inc., a venture capital arm of Wilbur-Ellis, a leading international marketer and distributor of agricultural products, animal feed and specialty chemicals and ingredients, announced recently a strategic investment in AgCode.
Based in Glenwood, Minnesota, AgCode offers an industry-leading, comprehensive software-as-a-service (SAAS) vineyard management solution.
AgCode sells subscriptions to its grower customers for an annual fee and is designed around secure data auditing and intelligence that allows each customer to configure the system for user access based on their role and geographic area. With a less than 2 percent churn rate since inception, AgCode has an incredible customer retention rate in an industry rife with customer dissatisfaction. As Cavallo Ventures looks to expand AgCode into other crops, the platform will remain separate and independent from Wilbur-Ellis’ best-in-class AgVerdict software.
AgCode marks the third initiative for Cavallo Ventures as it continues to search for investments to complement its three business divisions, Wilbur-Ellis Agribusiness, Connell Brothers Company and Wilbur-Ellis Feed.
Jones Day represented Cavallo Ventures Inc, the investment arm of Wilbur Ellis, in connection with its acquisition of a 75% stake in AgCode, Inc., with a team led by Randall B. Schai.
Involved fees earner: Randall Schai – Jones Day;
Law Firms: Jones Day;