By Zoran Temelkov July, 2022
Britain’s first AgTech bank has completed another funding round raising £20 million in equity with participation from new and existing. Frontier Agriculture, Hutchinsons Group, Hambro Perks, and Grosvenor Food & AgTech are some of the participating investors.
The latest funding round comes only a few months after the Series C round in March 2022, when Oxbury secured £31 million. Through its Series A round and Series B funding round, the company has raised £5 million and £12 million, respectively. To date, Oxbury Bank records a total capital raised of £68 million.
Oxbury bank is a UK-based startup bank focused solely on offering banking services to the agricultural sector. It offers farmers specialized lending based on their needs to manage their farms. Oxbury’s products support farmers in their sessional cashflow needs to overcome financial obstacles in the pre or post-harvesting period. The bank also offers individual and business savings accounts.