Inari, a Cambridge, Mass.-based next-generation seed company, closed an $89m Series C financing.
Flagship Pioneering, which founded Inari in 2016, was joined in the round by Investment Corporation of Dubai (ICD), global Asian-based investor EDBI and Acre Venture Partners as well as other investors.
This brings the company’s total funding to date to $144m.
The company intends to use the funds to expand investment in its computational and genomic tools and to accelerate the commercial introduction of its high-performance corn and soybean seeds in the U.S. market
Led by CEO Ponsi Trivisvavet, Inari provides computational and genomic tools which allow plant scientists to identify and develop deep knowledge of a seed’s potential to achieve top field performance. It directly partners with independent seed producers to introduce plant varieties that address local farming challenges.
The company, which has additional sites in West Lafayette, Indiana, and Ghent, Belgium, has a team of over 120 employees.