Benson Hill Biosystems, a Saint Louis, MO-based agricultural solutions company, secured $7.3m in Series A financing.
The round was led by Middleland Capital, with participation from co-investors Mercury Fund, Prelude Ventures, Prolog Ventures, Alexandria Venture Investments, Cultivation Capital, and TechAccel as well as existing investors Missouri Technology Corporation and Biogenerator. As part of the financing, Scott Horner of Middleland Capital and Dan Watkins of Mercury Fund will join the Benson Hill board of directors.
Founded in 2012 and led by Matthew Crisp, president & CEO, Benson Hill Biosystems is developing PSKbase™, a computational and systems biology-based platform for technology developers to identify promising strategies to increase genetic gain in crop plants. The company, primarily focused on the development of traits to increase crop productivity, employs an integrated, systems-based approach to trait discovery and validation, and has developed a pipeline of trait candidates.
The company intends to use the funds to advance PSKbase™ and support additional field trials and other product development activities for traits that increase crop productivity by improving photosynthesis.