Indigo Ag announces an additional $360M in financing

Date:08-04-2020

- Indigo announces an additional $360M raised, comprised of $260M in preferred equity and $100M in convertible equity

- The new capital will be used to scale the growth and adoption of Indigo’s core business lines, including Indigo Marketplace, which has seen over $1B in grain transactions since the platform publicly launched in September 2018

Indigo Agriculture, a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces on Monday the closing of $360M in additional financing. Combined with $175M in convertible equity announced in January 2020, this brings the company’s total Series F preferred financing to $535M. The round included participation from new and existing investors, including the Alaska Permanent Fund as well as the founder and initial investor of Indigo, Flagship Pioneering.

Accelerating Indigo’s vision to improve the environmental sustainability of farming, the profitability of farmers and the health of consumers, the capital will be used to scale and integrate Indigo’s core lines of business: Indigo Marketplace, Indigo Carbon, Indigo Transport, Digital Agronomy, and Indigo Microbials.

“Indigo’s offerings enable growers to get paid more for quality and sustainability, while harnessing the potential of agriculture to address climate change,” said David Perry, Indigo’s CEO. “One of these offerings, Indigo Marketplace, a platform that directly connects farmers with grain buyers, has completed over $1B in transactions since launching in September 2018.”