Farming Technology Startup Indigo Raised More than $200 million from Investors

Reuters wrier Heather Somerville reported earlier this week that, “Farming technology startup Indigo has raised more than $200 million from investors to fund its efforts to reform how crops including wheat, soybeans, cotton and corn are grown around the world.

“The Boston-based company announced on Wednesday an additional $47 million investment led by the Investment Corporation of Dubai, a state-owned sovereign wealth fund, bringing its latest financing round to $203 million. Indigo is valued after the latest round at $1.4 billion, Indigo’s President and Chief Executive David Perry said in an interview.

The financing is one of the largest single investments into a private agriculture-technology company. It rivals SoftBank Group Corp’s investment into Plenty, a startup working on new technology to grow crops indoors, announced in July. That investment, from SoftBank’s Vision Fund, was $200 million.”

Ms. Somerville noted that, “Perry said Indigo will use the funding to open or expand new offices in Australia, Argentina and Brazil and continue to invest in research. The company raised $100 million last year, and has raised more than $400 million since its founding in 2014.”


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