Indigo Ag, Inc., a Boston, MA-based agtech company, raised an additional $47M in its Series D funding round.
The largest investor in the second close was Investment Corporation of Dubai (ICD), which will hold a Board Observer seat at Indigo.
Since the announcement of a $156M closing in late September, the total round has now reached $203M.
The Series D funding round will support Indigo’s global commercial expansion, along with its continued investment in the plant microbiome and development of software and data tools. It will also enable the promotion of the adoption of Indigo’s microbial technology, as the company works to discover and commercialize products that increase agricultural yields, while decreasing reliance on synthetic fertilizers and agricultural chemicals.
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 for all. Utilizing plant microbes to improve crop health and productivity, the company is focused on cotton, wheat, corn, soybeans, and rice.
Founded by Flagship Pioneering, the company has commercial operations based in Memphis, TN, and international offices in Sydney, Australia, Buenos Aires, Argentina, and São Paulo, Brazil.