ND AgTech Startup 701x Raises $10M+ From Ranchers

Key facts

• 701x, an agricultural technology company, closed a Series B round exceeding $10 million.
• The funding came solely from local investors and rancher-customers.
• No venture capital or institutional investors participated in the round.
• The company achieved its first profitable month.

701x, an agricultural technology company based in Fargo, North Dakota, has successfully closed an oversubscribed Series B funding round, raising over $10 million. Uniquely, the entire investment came from local investors in North Dakota and Minnesota, as well as from its rancher-customers across the United States. The company explicitly stated that no venture capital firms or institutional investors participated in this funding round. In addition to securing capital, 701x has also reached its first profitable month of operations and is preparing for a new launch.