San Francisco-based workforce management platform for agriculture Seso raised USD 25 million in a Series A funding round on April 14, 2022. Index Ventures led the funding round for Seso. Meanwhile, the round also saw participation from NFX and Founders Fund, K5 Ventures, Operator Partners, and Shrug Capital.
Besides, The Chainsmokers’ Mantis Fund and the founders of ServiceTitan, Flexport, Ramp, Workrise, formerly known as Rigup, and Motive, previously called KeepTruckin and large farms in the U.S., invested in the Series A funding.
Purpose of Funding for Seso
The company intends to build additional HR software and financial services with the latest funding. Thereby expanding workers’ access to the financial system for the first time.
Besides, Seso wants to advance its mission to create a stronger, more equitable and efficient food production system in the U.S.
What the founders have to say
Michael Guirguis, co-founder and CEO at Seso, said, “America has the most productive agricultural system in the world, but it’s dying if we don’t have a labour force in place. We all treasure food that is grown locally. We built Seso to ensure the workforce is in place to ensure American agriculture and its workers continue to thrive.”
In addition, Jordan Taylor, co-founder of Seso, said,” While there have been heavy investments in improving food production in the field with technology like drones and sensors, the most significant spend in agriculture is actually labour. There have been no innovations in workforce management until now. Seso addresses the labour shortage and helps farms manage their workforce in an ethical and sustainable way.”
What the investors have to say
“Seso is taking an innovative and laser-focused approach to tackling a major problem in an underserved vertical—U.S agriculture. Their software provides vital tools that will have a positive social impact on the labour force and ensure that American food production can meet its full potential. This investment will fuel Seso as the company enters the next phase of its growth,” said Nina Achadjian, Partner at Index Ventures.
Pete Flint, General Partner at NFX, said, “Seso’s end-to-end platform automates many of the complexities holding back both farms and labourers who are helping feed our nation. The Seso team has created a rare win-win-win scenario by helping workers find good jobs, understaffed farms hire skilled labourers, and consumers save money at the grocery store.”
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