Indigo Ag, Inc., a Boston, MA-based agtech company, raised $156m in the first closing of its Series D financing.
Backers included Baillie Gifford, Activant Capital, Flagship Pioneering, and the Alaska Permanent Fund.
The company, which has raised over $300m in total funding, intends to use the capital to continue to expand operations.
Led by David Perry, President and CEO, Indigo works alongside its growers to apply natural approaches, conserve resources for future generations, and grow healthy food utilizing plant microbes to improve crop health and productivity, focusing on cotton, wheat, rice, corn, and soybeans.
The company also has commercial and customer service based in Memphis, TN, and recently opened its first international offices in Argentina and Australia.