Silo Technologies Raises Strategic Investment from Banneker Partners

Banneker Partners, a San Francisco-based investment firm, strategically invested in Silo Technologies, Inc., a leading provider of modern technology solutions for the food supply chain, in October 2024.

The partnership between Banneker Partners and Silo is an exciting milestone in Silo’s mission to transform the food supply chain with cutting-edge SaaS solutions. Banneker’s expertise in vertical SaaS and AgTech, along with its collaborations with current portfolio companies like Ever.Ag, will empower Silo’s next phase of growth. 

“Our partnership with Banneker Partners is a testament to the transformative potential of Silo’s software solutions in reimagining how the food supply chain operates. With their proven expertise in SaaS and AgTech, we are uniquely positioned to accelerate innovation and scale to new markets while reaching a broader range of businesses. With Banneker’s support and insights, we’re gearing up to deliver even greater value to our customers while driving systemic efficiency and resilience across the industry” said Ashton Braun, CEO and co-founder of Silo. 

With this investment, Silo will increase its focus on inventory management, accounting, and payment processing capabilities, expand into new markets such as grower-shippers, and strengthen its foothold in the distributor space. In 2025, Silo plans to release key product enhancements, including advanced accounting tools, mobile scanning technology, and field and warehouse management features—paving the way for greater efficiency across a broader food supply chain. 

“Silo is tackling some of the most pressing challenges in the global food supply chain with a powerful, modern technology platform. We’re thrilled to partner with Ashton and the entire Silo team to accelerate their next phase of growth, expand into new markets, and deliver even more value to their customers. At Banneker, we believe that innovative SaaS solutions like Silo’s will play a critical role in building a more efficient, resilient, and sustainable food supply chain”, said Stephen Davis.

About Silo 

Silo was founded in 2018 by Ashton Braun and based in San Francisco. Silo is a cloud-based platform for streamlining supply chains in the perishable food system. Silo's AI and machine learning technology adapts to existing workflows, seamlessly automating the entire supply chain from harvest management, through QC and logistics. Silo is committed to revolutionizing the food supply chain industry through innovative technology solutions, and in August 2023, Forbes recognized Silo as a ‘Next Billion-Dollar Startup,’ positioning the company as one of the next-generation unicorns shaping the future of logistics and supply chain management. 

About Banneker Partners

Banneker Partners invests in growing, mission-critical software businesses to drive long-term, sustainable value. Banneker collaborates with management teams through capital, strategic, and operational support to enable accelerated growth guided by the focus on enhancing value to the end customers of the software. The six partners at Banneker have over 130 years of software investing and operating experience and have worked with companies ranging from $1 million to $1 billion in revenue.

* No compensation was provided to the portfolio company executives for their feedback although they may have an incentive to make a positive statement due to the executive’s ongoing relationship with the firm. Certain portfolio company executives are investors in Banneker funds; they have not received any fee reductions for providing their feedback. Past performance is not indicative of future results. A full list of all of our portfolio companies is available here.

For more information, please visit www.Bannekerpartners.com and www.usesilo.com.