Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

Crop sustainability developer Indigo Ag raises $300 millionqrcode

Jun. 24, 2020

Favorites Print
Forward
Jun. 24, 2020

By Dan Primack, author of Pro Rata


Indigo Ag, a US-based developer of crop sustainability and selling solutions, raised around $300 million in new Series F funding, Axios has learned.


Why it's the BFD: Indigo is the world's most highly valued agtech startup, with a $3.5 billion post-money valuation.


- The Series F round total is expected to be around $500 million, including an initial $200 million announced in January (of which $175m was equity).

- Return backers include Flagship Pioneering and Alaska Permanent Fund, while Riverstone Holdings is a new investor. Fedex also participated on the initial tranche, while the post-money valuation is flat from a Series E round raised at the end of 2008.

- Indigo Ag declined comment.


The bottom line: "Indigo started with a microbe-based seed treatment in 2016 and has since evolved into an online grain marketplace, an online transport matchmaking service for that grain, a carbon market to give farmers a financial incentive for sequestering carbon with regenerative agriculture, and a data platform underscored by its acquisition of the satellite imagery business TellusLabs," writes AgFunder News.


Source: Axios

Picture 0/1200

More from AgroNews

Magazine

2020 Biologicals Special 2020 Latin America Focus
2020 Formulation & Adjuvant Technology Annual Review 2019
Chinese issue of Annual Review 2019 2019 CRO & CRAO Manual
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.