On May 8, 2018, Resson announced that it has completed its Series C Financing round of $14 million. The round was led by Mahindra & Mahindra, which joined existing strategic partners, McCain Foods and Monsanto Growth Ventures, as well as existing investors, Build Ventures, Rho Canada, BDC Capital, and the New Brunswick Innovation Foundation.
Mahindra & Mahindra is the latest company to join Resson as a strategic partner. The India based company is the world’s largest selling tractor company by volume and boasts over 500 dealerships in North America.
Resson is a New Brunswick-based predictive analytics company that uses large-scale data analytics and natural learning to help major agricultural producers create efficiencies to maximize production and profit margins.
Osler, Hoskin & Harcourt LLP represented Resson with a team consisting of Chad Bayne, Michael Grantmyre and Andrew Irwin (Corporate).