What is Indigo?
Indigo is headquartered in Boston, Massachusetts, and is dedicated to improving grower profitability, environmental sustainability, and consumer health. The company leverages natural microbiology and advanced digital technologies to achieve these goals. By developing and applying microbial treatments for crops and employing data-driven insights, Indigo aims to create a more sustainable and efficient agricultural ecosystem. Its solutions are designed to enhance crop yields, reduce the need for chemical inputs, and improve the nutritional quality of food.
How much funding has Indigo raised?
Indigo has raised a total of $1.4B across 8 funding rounds:
Series A
$7.5M
Series B
$56M
Series C
$100M
Series D
$156M
Series E
$250M
Other Financing Round
$200M
Series F
$360M
Other Financing Round
$250M
Series A (2014): $7.5M, investors not publicly disclosed
Series B (2016): $56M led by Flagship Ventures
Series C (2016): $100M supported by The Alaska Permanent Fund and Flagship Ventures
Series D (2017): $156M featuring Flagship Pioneering, Baillie Gifford, Alaska Permanent Fund, and Activant Capital Group
Series E (2018): $250M backed by Alaska Permanent Fund, Investment, Flagship Pioneering, and Baillie Gifford
Other Financing Round (2020): $200M with participation from Pacific Western Bank and FedEx
Series F (2020): $360M led by Pacific Western Bank, Riverstone Holdings, Alaska Permanent Fund Corporation, FedEx Corporation, and Flagship Ventures
Other Financing Round (2023): $250M supported by Flagship Pioneering
Key Investors in Indigo
Flagship Pioneering
Flagship Pioneering is a venture capital firm specializing in building companies that transform human health and sustainability, with a strong focus on early-stage life sciences.
Alaska Permanent Fund
The Alaska Permanent Fund is a sovereign wealth fund that prudently invests and manages assets, specializing in investment management and financial services to ensure long-term financial sustainability.
Baillie Gifford
Baillie Gifford is an investment management firm founded in Edinburgh in 1908, specializing in providing investment advice and managing assets.
What's next for Indigo?
The substantial enterprise-level funding and recent strategic investment position Indigo for accelerated expansion and continued innovation. With a focus on scaling its microbial and digital solutions, the company is poised to deepen its impact on global agriculture. Future developments are likely to involve further research into novel microbial applications, expansion into new geographic markets, and the enhancement of its digital platforms to provide more comprehensive support to growers. This strategic backing will enable Indigo to further its mission of making agriculture more sustainable and profitable worldwide.
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