AgriTech Startup Inari Gains $40 Million in Series B Funding
Inari, a plant breeding technology company with a mission to transform agriculture and positively impact society and the environment, completed a $40 million Series B financing round, bringing its total funding to $55 million. Inari was founded in 2016 by Flagship Pioneering, which led and capitalized the company before spinning it out in 2018. Acre Venture Partners and Alexandria Venture Investments joined Flagship in this financing.
Inari plans to use the funds to accelerate the deployment of technologies into crops while increasing its cutting-edge technology tools, as well as to add to its diverse talent pool of 80 scientists, statisticians, engineers, and advisors with biology, agronomy, data sciences and software engineering backgrounds.