Growers Edge announced Monday that Dan Cosgrove has stepped down as CEO, effective immediately. The company’s board of directors has selected Hollie Bunn to serve as interim CEO, a news release said.  

“As the Board and I looked toward the future, we saw a need to leverage fintech talent to complement the company’s deep ag expertise,” Cosgrove said in the news release. “Hollie Bunn delivers on that need, and as she assumes the reins of Growers Edge, I am confident her expertise, steady hand, and deep connection to the ag lending industry will be invaluable as Growers Edge scales to drive growth.”

Bunn has more than 20 years of experience in ag lending and joined Growers Edge in 2020 as chief lending officer and executive vice president. Her leadership has resulted in a 200% increase in the company’s network of partners.

Growers Edge also announced the close of a $15 million Series B round of financing to “position the company for long-term success.” The round of funding was led by S2G Ventures and Cox Enterprises, along with existing investors iSelect Fund, Skyline Global Partners, Finistere Ventures and Bunge.

“The Growers Edge Board continues to see the massive opportunity that exists in bringing simple, customizable and fast fintech solutions that help farmers access capital, reduce risk and adopt sustainable practices,” said Josh McClung, Cox Enterprises Inc. assistant vice president of strategy and investments. “I am confident the industry needs the solutions Growers Edge delivers and in Hollie Bunn’s ability to lead the team to success.”

Growers Edge provides proprietary data insights, financial technology tools, and lending services for ag input manufacturers and retailers across the U.S.