Total amount raised
$55.5 Millions
Latest funding date
Location
SESO has successfully raised $26 million in a Series B funding round, with contributions from Bond and three other investors. 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, founded in 2019 by Jordan Taylor and Michael Guirguis, is headquartered in San Francisco, California. The company specializes in providing an AI-powered workforce platform tailored for the agriculture industry.
SESO connects U.S. farms with qualified seasonal workers through the H-2A guest worker program, offering services such as recruiting, qualifying, and training workers, as well as H-2A visa automation and workforce management software.
With a team of 101-250 employees, SESO aims to streamline workforce management and ensure compliance with complex local and federal laws for agricultural employers.
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 establish the initial development of SESO's AI-powered workforce platform.
- Seed Round
- Amount Raised: $4.5M
- Date: February 2021
- Lead Investors: NFX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its capabilities in workforce management and H-2A visa automation.
- Series A
- Amount Raised: $25M
- Date: April 2022
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the first workforce management platform for the agricultural industry, addressing labor shortages and inefficiencies.
- Series B
- Amount Raised: $26M
- Date: April 2024
- Lead Investors: Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address US farm labor shortages by enhancing service offerings, including recruiting, qualifying, and training workers, and automating H-2A visas.
Total Amount Raised: $55.5M
Current Valuation: Not publicly disclosed
Key Investors
- Bond
- Details: Bond is a venture capital firm known for investing in technology companies. They participated in SESO's Series B funding round.
- Investment Focus Areas: Technology
- Notable Investments: Not publicly disclosed
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies. They led SESO's Series A funding round.
- Investment Focus Areas: Technology, life sciences
- Notable Investments: Dropbox, Slack, Robinhood
- NFX
- Details: NFX is a venture capital firm focusing on seed and early-stage investments in technology companies. They participated in SESO's Seed and Series A funding rounds.
- Investment Focus Areas: Seed and early-stage investments, technology
- Notable Investments: Lyft, DoorDash, Poshmark
- 1984 Ventures
- Details: 1984 Ventures is a venture capital firm that focuses on early-stage investments in technology companies. They led SESO's Pre-Seed funding round.
- Investment Focus Areas: Early-stage investments, technology
- Notable Investments: Not publicly disclosed
- Founders Fund
- Details: Founders Fund is a venture capital firm known for investing in companies with transformative technologies. They participated in SESO's Series A funding round.
- Investment Focus Areas: Technology, aerospace, healthcare
- Notable Investments: Facebook, SpaceX, Palantir Technologies
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 centralize workforce management for farms. This could save farms up to 24% per worker, addressing a critical labor shortage that affects $3.1 billion worth of crops annually.
Future fundraising opportunities appear promising, with the potential for additional investment rounds as SESO expands its customer base and enhances its platform. The successful Series A and Series B funding rounds indicate strong investor confidence, suggesting that further financial backing is likely as the company continues to grow.
However, SESO may face challenges such as navigating the complex H-2A visa application process and competing with other workforce management platforms. Ensuring compliance with labor laws and scaling the platform to meet diverse agricultural needs will be crucial for sustained success.
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