Inari raises $144 million, paving path to long-term growth

Inari, the SEEDesign™ company, announced the completion of a $144 million fundraise fueled by the performance of its first-generation products and progress toward commercialization. With cumulative equity raised of more than $720 million, the new capital underpins the leading pure-play seed technology company’s financial strength and paves the way for long-term growth.

The fundraise attracted significant support from new investors, who represented most of the capital raised in the round – including a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and a large financial investor collaborating on forthcoming agriculture projects. Existing investors including Hanwha Impact, NGS Super, the State of Michigan Retirement System and company founder Flagship Pioneering also contributed.

″This round of funding underscores investors’ steadfast confidence in our business and ability to bring truly impactful solutions to market,″ said Inari CEO Ponsi Trivisvavet. ″Inari is poised to redefine the seed technology landscape as we work to empower the industry with high-performing products on a global scale. In being a true business partner with seed companies, we aim to achieve our vision of a sustainable food system by designing seeds that support a thriving planet, food security and farmer well-being.″

Inari is at the forefront of breeding innovation, combining AI-powered predictive design with an unmatched multiplex gene editing toolbox to deliver step-change outcomes. The company is singularly focused on seed technology for large-acre crops with its first wave of products, and its progress in soybeans, corn and wheat to date is generating excitement from seed companies both within and outside the U.S. The company brings a unique approach to the seed industry by focusing purely on innovation and operating an asset-light business model that reflects the company’s commitment to supporting, not rivaling, its customers.

Flagship Pioneering Managing Partner and Inari Board member Stephen Berenson added: ″With its pioneering technology, incredible team and commercial traction, Inari is well poised to create a new paradigm for the seed industry, delivering significant value to seed companies and their farmer customers.″