The capital will be invested in profitably scaling Indigo's unique science and technology to boost farm revenues and de-carbonize the planet
BOSTON, Sept. 15, 2023 /PRNewswire/ -- Indigo Ag, the premier sustainability partner of the agriculture industry, announced that it has raised over $250 million to drive innovation and growth in its sustainable agriculture programs and better serve its customers and partners. The successful investment round signals market validation of the company's strategy and confidence in Indigo's unique ability to drive farmer and agribusiness success at scale.
"Farmers and agribusinesses need strong, innovative partners that create value," said Jed Miller, chief strategy officer for Ag Partners Coop. "This fundraise is not only a win for Indigo, but a major win for market access. We look forward to continuing our collaboration with Indigo to drive farmer success."
The funding round includes existing investors, led by Flagship Pioneering, and new investors, including the State of Michigan Retirement System, one of the largest pension funds in the U.S. and Lingotto Investment Management, a $3 billion innovation-focused fund owned by Exor N.V., one of Europe's largest diversified holding companies.
"In this difficult and obsessively short-term financial environment, it is vital to back innovative companies that are critical to meeting the challenges of the future of the Earth," said James Anderson, Managing Partner and Chief Investment Officer –Innovation at Lingotto. "We believe that Indigo Ag has endured demanding times but now has a bright future and an important role in mitigating climate damage. Therefore, Lingotto Innovation is proud to support the company."
Indigo has entered a period of acceleration across its integrated business platform:
"This important fundraise signals Indigo Ag's successful transition from a startup to a trusted partner that is delivering critical sustainability solutions," said Ron Hovsepian, President and CEO of Indigo Ag. "We have the science, business momentum and sufficient resources to continue to deliver on our promises to our partners and customers. We are well positioned for growth and profitability as we work with the agricultural value chain to turn sustainability into real value."
About Indigo Ag
Indigo Ag is the innovative leader and trusted partner in sustainable agriculture, uniquely leveraging science and technology to turn sustainability into value for farmers, agribusinesses, and corporations. Indigo's integrated business platform allows each player in the ag supply chain to simultaneously adopt and profit from their sustainability efforts. Specifically, farmers working with Indigo can maximize their profit from sustainability practices on each field, every year of their rotation, while also improving soil quality. Indigo is currently the only company offering corporations high quality agricultural carbon credits and scope 3 emissions reductions at scale.
Founded in 2013, Indigo Ag is creating a world with more profitable farmers and more sustainable companies. Operating across 14 countries, the company is delivering on its mission of harnessing nature to help farmers sustainably feed the planet.
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SOURCE Indigo Ag