Exclusive: Ambrook raises $26.1 million Series A to provide farmers and ranchers with better accounting software

She Term Sheet, Fortune’s weekday dealmaking

SEE FULL BIOAmbrook cofounders Dan Schlosser, Mackenzie Burnett, and Jeff Anders

AmbrookWhen I meet Chase Crandall, he’s putting up a barbed wire fence

Even on Zoom, the Wyoming sky is ly in the background, with an expanse of ranch land stretching out into the distance

Crandall is a sixth-generation rancher, who’s tending to land that was originally settled by his ancestors in the 1850s—but is thinking actively nology in 2025. “Typically, ranchers are fairly cheap and careful spending money,” said Crandall. “And we try to be the same

We try to be as low-cost and run as efficiently as possible. ” Farming has historically been nologically-forward, from the invention of the plow in ancient Mesopotamia to the implementation of the mechanical reaper in the Industrial Revolution

So, Ambrook—the accounting software startup that Crandall uses and the reason we’re talking—is part of a long tradition of farming-focused

Ambrook was built expressly with American agriculture and industry in mind, filling a gap that existing software QuickBooks leaves on the table, said Mackenzie Burnett, CEO and cofounder at Ambrook. “Farms are in this delta where they are unusually complex for their size and revenue file,” said Burnett, whose parents are both plant health specialists at the USDA. “The mom and pop shops are generally doing pretty thin margins, and they are running on software that’s built for less complex es

They tend to be what we kind of call multi-P&L, dealing with multiple revenue lines

Thrive Capital and Figma’s Dylan Field (via Field Ventures) led the round, with participation from existing investor brew

Farming is complex, Burnett says, because inventory ( stock) has a literal lifecycle—it is born, grows, and dies. “Most folks in have an idea of how complex a factory floor is in manufacturing,” said Burnett. “But farming involves biological factors, in the sense you have inventory that is born, grows and dies

That is a huge complication, and understanding how to manage that isn’t something that QuickBooks—or even a lot of SaaS software—is built for

It’s built with a different kind of fessional in mind. ” Ambrook’s rise comes at a “challenging” time for farming in America, one that’s towards seeing “fewer farmers who are larger, more sophisticated, more specialized, and more consolidated,” said Jonathan Coppess, former administrator of the Department of Agriculture’s Farm Service Agency. “Farming, the rest of the economy, is facing real uncertainty around nological advancements,” Coppess wrote to Fortune via. “What will be the impact of artificial intelligence, advanced robotics, etc

Add to that the political and geopolitical uncertainties (from tariff conflicts to wars) and those of climate change

The risks and uncertainties are magnifying in real time, making it very difficult to make any predictions, or to have confidence that trends of the past are indicative of the future. ” So, what does it take to keep a family farm a thriving

Generational planning, for one—Calvin Crandall, the ranching family’s patriarch, placed the land in a perpetual trust a few years ago, ensuring the land would stay together (and, by extension, a viable ) across future generations

Efficiency and margins matter, especially when it comes to tracking inventory that grazes, gives birth, and dies. “What Ambrook solves for me is time management,” said Chase. “Everything’s, and I don’t have to manually anything

Our margins matter, because there’s so much you can’t control

Can’t control the cattle market, which can get crazy and sometimes you just have to take the price you can. ” How many cows do the Crandalls have anyway

Calvin drives by while Chase and I are on a Zoom, and stops to chat

The two tell me with mirth and kindness that the question is quite a faux pas. “That’s me asking you ‘how much money do you have in your bank account right now. ’” Chase laughs

His dad jumps in: “You’ve got some money in your bank account, and we’ve got some cows on our land. ” See you tomorrow, Allie GarfinkleX: @agarfinks: alexandra

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Nina Ajemian curated the deals section of today’s

Financial terms were not disclosed. - Altimetrik, backed by TPG, agreed to acquire SLK Software, a Bangalore, India-based AI, intelligence automation, and analytics solutions vider

Financial terms were not disclosed. - CenterOak Partners a majority recapitalization of NOW CFO, a Salt Lake City-based outsourced finance and accounting services vider for small and medium-sized es

Financial terms were not disclosed. - Mill Point Capital acquired SS8 Networks, a Milpitas, Calif. -based intelligence solutions vider for law enforcement, intelligence agencies, and emergency services

Financial terms were not disclosed. - NPM Capital agreed to acquire a majority stake in Elbfrost, a Marl, Germany-based food distribution company

Financial terms were not disclosed. - Stellex Capital Management agreed to acquire the air and noise filtration nology of Dürr Group, a Bietigheim-Bissingen, Germany-based mechanical and plant engineering firm

Financial terms were not disclosed. - Webs, a portfolio company of CVC, acquired Comet Backup, a Christchurch, New Zealand-based backup and storage solutions vider for managed service viders and IT teams

Financial terms were not disclosed

Financial terms were not disclosed

Other- Concentric AI acquired Swift Security, a Fremont, Calif. -based security solutions vider for GenAI, and Acante, a Palo Alto-based data security company

Financial terms were not disclosed. - Edward Jones agreed to acquire the overlay management services capabilities of Natixis Investment Managers, a Boston-based asset management firm

Financial terms were not disclosed

IPOs- Accelerant Holdings, a Cayman Islands-based insurance marketplace, filed to go public on the NYSE

Altamont Capital Partners and Todd Boehly back the company

People- IVP, a Menlo Park, Calif. -based venture capital firm, added Helen Clement as a partner and head of capital formation, added Jimena Nowack as a partner, and moted Shreyas Garg to partner

Previously, Clement was at Wellington Management and Nowack was at Dawn Capital

This is the web version of Term Sheet, a daily on the biggest deals and dealmakers in venture capital and private equity.