| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$6.5m | Series B | ||
| Total Funding | 000k | ||
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Founded in 2016, AgEx Inc. operates a financial technology platform dedicated to the livestock sector, specifically streamlining transaction settlements across the supply chain. The company is headquartered in San Antonio, Texas, and was established by a team with deep, multi-generational roots in ranching, agriculture finance, and law. CEO Wendel Thuss brings a background in commercial agriculture, finance, and law, and operates his family's 5th generation cow/calf ranch. Blake Adams, the CPO who joined in 2015, is a 5th generation rancher with a legal and accounting background. This blend of expertise is foundational to the company's approach.
AgEx's core business revolves around modernizing rural commerce by connecting producers, buyers, and sale barns. The company targets the financial friction points in livestock trading by offering custodial account management for sale barns, which eliminates the challenges of chasing payments and managing complex accounts. For buyers, AgEx provides "Clear," an in-barn financing service that offers short-term (14-28 day) financing for cattle purchases, allowing them to acquire livestock without immediate, upfront cash. This service functions by partnering with sale barns to offer financing directly at the point of sale.
The business generates value by reducing workload, cost, and risk for all parties involved. Its marketplace has successfully cleared over $300 million in livestock trades since its inception. Beyond the transaction platform, AgEx offers a free herd management app that has attracted over 11,000 producers looking to improve their operational efficiency. The company operates on a venture-backed, private ownership model, having secured $5.99 million in a seed funding round to fuel its growth.
Keywords: livestock financing, cattle market, agrifintech, agtech, transaction settlement, custodial accounts, agricultural finance, livestock buyers, sale barns, cattle producers, herd management, rural commerce, in-barn financing, livestock trading, supply chain finance, SaaS, agriculture technology, livestock auction, trade clearing, farm finance, ranching technology