Private equity firm TPG Growth is leading the A-2 financing series for Gro Intelligence Inc., a provider of agricultural data analytics. TPG Growth is joined by strategic family offices and investor Data Collective in the financing round.
Founded in 2014, New York-based Gro Intelligence aggregates and processes agricultural data to help drive higher productivity and access to capital for investment professionals, corporations, government entities and international organizations. The data is used to unlock insights into weather patterns, trade flows, pricing dynamics and production. Financial terms of the investment were not disclosed.
TPG Growth is the middle-market and growth equity arm of private investment firm TPG. San Francisco-based TPG Growth has more than $8.3 billion in assets under management. The firm is also backed by the resources of TPG’s nearly $72 billion in assets under management.
TPG Growth is keeping active in 2017. The firm recently invested in footwear company Campus Activewear in September, acquired travel nurse provider Medical Solutions LLC in May, and also backed software distributor C3 lot. The firm previously raised a $3 billion middle-market fund as well.