Indigo Ag, a Boston, MA-based agtech company focused on sustainability, raised $250M in funding.
Backers included Flagship Pioneering, State of Michigan Retirement System, and Lingotto Investment Management.
The company intends to use the funds to scale its science and technology to boost farm revenues and de-carbonize the planet.
Led by CEO and President Ron Hovsepian, Indigo Ag is a leader in sustainable agriculture, which leverages science and technology to turn sustainability into value for farmers, agribusinesses, and corporations. Its integrated business platform allows each player in the ag supply chain to optimize their profit from sustainability practices on each field, every year of their rotation, while also improving soil quality.
The company has also produced a 133,000 registry issued, agricultural carbon credits and is already working on its third carbon crop and enrollment figures for its fourth carbon harvest show continued growth in both farmer and acreage participation.
Indigo will continue the expansion of its digital products – Market+ Source sustainable crop program – and has a biological product pipeline of 38 new biological products scheduled to launch globally over the next 30 months.
The company currently operates across 14 countries.