Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, has closed a $60 million Series B investment led by Acrew.
Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, has closed a $60 million Series B investment led by Acrew.
Greycroft, Notion Capital, Syngenta and Continental Grain Company also participated in the round. Acrew’s Vishal Lugani will join Stable’s Board of Directors.
Stable was founded in 2017 by Rich Counsell in an old cow shed on his family farm in Somerset, UK. Despite its humble beginnings, Counsell’s vision to make hedging simple and accessible meant the business grew rapidly and now lists over 500 untraded commodities that can be hedged on the platform. Its diverse clients range from multinational food and drink companies to family farms across the Americas.
Stable will use the new funding to help clients understand and manage their price risk. New initiatives will see the aggregation of financial news via Stable Media, investment in the Stable Data product suite to visualise and assess the markets, and the development of Stable Risk from its current focus on options to offering clients swaps and collars.
