“One of the very exciting things is that … we are very close in proximity to our stakeholders along the food value chain,” said Milena Bogdanova Bursztyn, a Venice-based investor at Germin8 Ventures, a venture capital firm that specializes in foodtech and agtech investment.”

Debt Facility Will Allow Fintech Startup to Finance $4 Billion in Produce Annually, Equivalent to the Largest Produce Provider in the U.S.

ProducePay, a four-year old alternative financing, data and marketplace company serving the $300 billion fresh-produce market, today announced that it has secured a $205 million debt facility from Coventure and TCM Capital. The news follows ProducePay’s $14 million 2018 Series B equity funding round, which was led by Anterra Capital.