Total amount raised
$55.5 Million
Latest funding date
04/01/2024
Location
SESO has successfully raised funding over five rounds, with the latest being a Series B round involving four investors, including Bond. The platform is an AI-powered workforce solution designed to help agricultural employers access labor and streamline workforce management.
Keep reading to explore the intricacies of SESO's fundraising journey and the investors backing this innovative platform.
What Is SESO?
SESO, based in San Francisco, California, is an AI-powered workforce platform designed to help agricultural employers access labor and streamline workforce management. The company operates in multiple industry categories, including Agriculture, AgTech, AI, Farming, Human Resources, Marketplace, and Staffing Agency.
Founded to address the unique challenges of the agricultural sector, SESO has grown to employ between 101-250 people. The platform offers comprehensive services such as HR management, digital onboarding, payroll, and H-2A filing & compliance, making it a vital tool for agricultural employers nationwide.
How Much Funding Has SESO Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: 1984 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To initiate the development of SESO's AI-powered workforce platform for the agricultural industry.
- Seed Round
- Amount Raised: USD 4,500,000
- Date: February 2021
- Lead Investors: NFX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the first workforce management platform for the agricultural industry.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop SESO's platform and expand its capabilities.
- Series A Round
- Amount Raised: USD 25,000,000
- Date: April 2022
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance SESO's mission of creating a stronger, more equitable, and efficient food production system in the U.S.
- Series B Round
- Amount Raised: USD 26,000,000
- Date: April 2024
- Lead Investors: Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand SESO's platform, including adding an AI-enabled payroll solution and a comprehensive HR platform.
Total Amount Raised: USD 55,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bond
- Details: Bond is a venture capital firm that led SESO's Series B funding round. The firm focuses on investing in technology-driven companies with high growth potential.
- Investment Focus Areas: Technology, AI, Consumer Products
- Notable Investments: SESO
- Index Ventures
- Details: Index Ventures is a global venture capital firm that led SESO's Series A funding round. The firm is known for investing in technology-enabled companies across various sectors.
- Investment Focus Areas: Technology, FinTech, Healthcare
- Notable Investments: Dropbox, Slack, Robinhood
- NFX
- Details: NFX is a seed and series A venture firm that focuses on network effects. They co-led SESO's Seed round and participated in the Series A round.
- Investment Focus Areas: Technology, Marketplaces, Network Effects
- Notable Investments: Lyft, DoorDash, Poshmark
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm known for investing in companies building revolutionary technologies. They participated in SESO's Series A round.
- Investment Focus Areas: Technology, Aerospace, Healthcare
- Notable Investments: SpaceX, Palantir Technologies, Airbnb
- 1984 Ventures
- Details: 1984 Ventures is an early-stage venture capital firm that led SESO's Pre-Seed round. The firm focuses on investing in transformative technology companies.
- Investment Focus Areas: Technology, AI, Marketplaces
- Notable Investments: Not publicly disclosed
What's Next for SESO?
SESO stands at the cusp of a significant opportunity to revolutionize the agricultural labor market. With a $14.8 billion market opportunity, the company aims to streamline the H-2A visa process and provide comprehensive workforce management tools. This could significantly expand employment opportunities for farm workers and improve efficiency for agricultural employers.
Future fundraising efforts are likely, given the successful Series A and B rounds. These funds could be used to further develop AI-enabled payroll solutions and comprehensive HR platforms, enhancing SESO's service offerings. However, the company will need to navigate complex regulatory environments and ensure the platform's adoption in a traditionally conservative industry.
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