Silo is a technology company.
Silo provides purpose-built software for the food supply chain, helping businesses manage inventory, accounting, and payments in real-time.
Silo has raised $72.0M across 4 funding rounds.
Silo has raised $72.0M in total across 4 funding rounds.
Silo has raised $72.0M in total across 4 funding rounds.
Silo's investors include Andreessen Horowitz, B Capital Group, Gradient Ventures, Jacob Conger, Initialized Capital, iNovia Capital, Panache Ventures, Pareto Holdings, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson.
Silo is a San Francisco-based fintech and software company founded in 2018 that provides an integrated platform for the food supply chain, particularly produce businesses. It offers tools for inventory management, logistics, buying/selling, payments, accounting, and capital access, enabling real-time visibility into cash flows, inventories, and supplier/customer relationships to help small and medium-sized growers, shippers, and distributors automate operations and grow.[1][2][4][5]
The platform serves produce industry players like IMOK Global, C and J Brothers, and Chicago Basil, solving pain points in perishable goods tracking, financial reporting, and working capital access amid volatile markets. As of July 2023, Silo achieved over $10 million in revenue, 100% growth from December 2022, and has raised $272 million from investors including Andreessen Horowitz and Koch Disruptive Technologies, processing over $1 billion in payments across 85 countries.[1][5]
Silo was founded in 2018 by Ashton Braun, who previously served on the founding team at Kite.com, a tech platform. The idea emerged from recognizing that the food supply chain—especially produce—lacked the adaptive technology of other modern industries, relying on outdated methods like pen-and-paper for inventory and finances.[1][2]
Early traction built quickly, with the company raising significant funding, including a $32 million round in July 2023 highlighted by TechCrunch for aiding food supply chain finances, and a prior $132 million push led by Koch Industries and Andreessen Horowitz to launch programs like Cash Advance. By mid-2023, Silo reported hundreds of customers and explosive revenue growth, pivoting from basic tools to a comprehensive suite that connects physical and financial operations.[1][3]
Silo rides the wave of supply chain digitization accelerated by post-pandemic disruptions, food price volatility, and demands for traceability in perishables amid climate and regulatory pressures. Its timing aligns with fintech's expansion into verticals like agriculture, where 80% of produce businesses still use manual processes, creating a massive opportunity for automation.[1][2][4]
Market forces favoring Silo include rising e-commerce in food wholesale, ESG-driven sustainability tracking, and investor interest in foodtech (evidenced by $272M raised). It influences the ecosystem by empowering SMBs—often underserved by enterprise software—to compete, fostering efficiency that reduces waste and strengthens resilient chains across 85 countries.[1][5]
Silo is poised for continued dominance in food supply chain fintech, with potential expansion into adjacent verticals like proteins or global fresh goods as AI enhances predictive inventory and pricing. Trends like blockchain traceability, embedded finance, and climate-resilient agtech will shape its path, amplifying growth beyond its 2023 momentum.
As platforms like Silo connect "seeds in the soil to cells in a spreadsheet," they redefine an archaic industry, delivering the real-time visibility that turns volatile produce markets into scalable businesses.[2][5]
Silo has raised $72.0M across 4 funding rounds. Most recently, it raised $35.0M Series C in July 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2023 | $35.0M Series C | Andreessen Horowitz, B Capital Group, Gradient Ventures, Jacob Conger, Initialized Capital, iNovia Capital, Panache Ventures, Pareto Holdings, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Gokul Rajaram, Moshe Lifschitz, Ron Pragides, Stanley Tang | |
| Mar 1, 2021 | $25.0M Series B | B Capital Group, Jacob Conger, iNovia Capital, Panache Ventures, Preface Ventures, Stellar Capital, Tribe Capital, Bart Swanson, Moshe Lifschitz, Ron Pragides | |
| Sep 1, 2020 | $9.0M Series A | Andreessen Horowitz, Gradient Ventures, Initialized Capital, Pareto Holdings, Gokul Rajaram, Stanley Tang | |
| May 1, 2019 | $3.0M Seed | Lasse Clausen, Andreessen Horowitz, Jana Messerschmidt, Craft Ventures, Matt Ocko, First Round Capital, Goldcrest Capital, Haystack, Kindred Ventures, Long Journey Ventures, Lux Capital, Plaid, Redpoint Ventures, Sequoia Capital, SNR, Threshold Ventures, Tribe Capital, Louis Beryl, Michael Stoppelman, Scott Belsky, Shervin Pishevar |