Tuesday, October 17, 2017
Technology News
Technology News Delivered Daily
Home / Business  / Indigo Closes $156 Million

Indigo Closes $156 Million

Agtech startup Indigo Closes $156 Million
Credit: indigoag.com

AgTech company Indigo announced it has secured $156 million in Series D financing. Four investors contributed to the round: Baillie Gifford, Activant Capital Group, Flagship Pioneering, and Alaska Permanent Fund.

Indigo harnesses nature to help farmers sustainably feed the planet, by focusing on the microbes that have evolved in conjunction with plants over billions of years to optimize their health and maximize their productivity.

For farmers, the yield benefits will help improve grower profitability while increasing their capacity to feed a growing population. For consumers, Indigo can begin to make fundamental changes in how food is grown by being more efficient with water and reducing the use of nitrogen fertilizer and pesticides over time.

In its announcement, the company said the latest round will support Indigo’s commitment to building a new kind of agriculture company, one that is focused on improving farmer profitability, environmental sustainability, and consumer health.