Indigo, a Boston, MA-based agriculture technology company, closed a $100m Series C funding.
The round was led by the $54 billion Alaska Permanent Fund, with participation from previous investors Flagship Ventures and members of the management and board.
The company intends to use the new funds to expand ongoing research and development efforts, to extend the team, and to scale commercial operations in preparation for the launch of its second product offering later this year.
Led by David Perry, CEO, Indigo utilizes beneficial microbes residing within plant tissue to optimize crop health and improve productivity. The company’s first two commercial products are Indigo Cotton, which aims to improve water use efficiency, and Indigo Wheat, which will have the same target.