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Farming startup Indigo raises $203 million with help from Dubai fund

December 06, 2017 | Reuters

By Heather Somerville

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Indigo Ag Closes $203m Series D with Dubai Sovereign Fund for Microbial Seed Tech, Innovative Business Model

December 06, 2017 | AgFunder

By Louisa Burwood-Taylor

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Press Release

Indigo Agriculture Closes Series D Funding Round at $203M

December 06, 2017 | Indigo Agriculture
  • Indigo raises an additional $47M, bringing Series D total to $203M and total amount raised to over $400M
  • New investor, Investment Corporation of Dubai, joins previous investors the Alaska Permanent Fund, Baillie Gifford, Activant Capital, and founder Flagship Pioneering

Boston, Massachusetts, December 6, 2017 – Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, today announces the closing of its Series D funding round. With an additional $47M raised since the announcement of a $156M closing in late September, the total round has reached $203M. The largest investor in the second close was Investment Corporation of Dubai (ICD), which will hold a Board Observer seat at Indigo.

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Press Release

Indigo Corn™ Demonstrates Significant Yield Gains on Farms Experiencing Severe Water Stress

November 20, 2017 | Indigo Agriculture
  • Indigo Corn demonstrates a 30+ bushel per acre yield increase on farms under severe water stress
  • Indigo announces 47 cent per bushel premium at harvest for growers of Indigo Corn  in 2018

Boston, Massachusetts, November 20, 2017 – Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, has released preliminary data from its microbial seed treatment for corn. Indigo CornTM was commercially launched in the spring of 2017. Like Indigo WheatTM and Indigo CottonTM, Indigo Corn was developed from naturally occurring, in-plant microbes to increase the productivity of plants by improving their tolerance to water stress. With expected increases in both the frequency and severity of drought over the coming decades,[1] there is an urgent need for the development of water-efficient methods of food and fiber production.

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Press Release

Indigo names Dr. Jonathan McIntyre as Head of R&D, further expanding leadership team

September 28, 2017 | Indigo Agriculture
  • Transformative R&D leader with diverse scientific and business background to join Indigo and guide agriculture technology efforts

Boston, Massachusetts, September 28, 2017  Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces today the appointment of Dr. Jonathan McIntyre as Indigo’s Head of Research and Development. Dr. McIntyre will lead the company’s efforts to discover, launch, and accelerate the adoption of sustainable technologies in agriculture.

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AgTech Startup Indigo Is Boston’s Newest Unicorn After $156M Series D

September 26, 2017 | BostInno

By Lucia Maffei

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Charlestown ag-tech startup becomes 'unicorn' after $156M round

September 26, 2017 | Boston Business Journal
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Indigo Harvests $156M to Boost Agtech R&D, Harness Crop Microbes

September 26, 2017 | Xconomy

By Frank Vinluan

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Indigo Agriculture is Boston’s newest ‘unicorn’ startup

September 26, 2017 | The Boston Globe

By Andy Rosen

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Indigo Plows $156 Million Into Sustainable Agriculture

September 26, 2017 | Wall Street Journal

By Brian Gormley

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Press Release

Indigo Announces First Closing of $156M in Series D, Doubling Capital Raised to over $300M

September 26, 2017 | Indigo Agriculture
  • Latest funding round will support Indigo’s continued investment in plant microbiome research, development of software and data tools, and rapid commercial expansion

Boston, Massachusetts, September 26, 2017  Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces the first closing of $156 million in its Series D financing, doubling the company’s total capital raised to over $300 million. New investors, including Baillie Gifford and Activant Capital, join the company’s founder and first investor, Flagship Pioneering, and existing investor, the Alaska Permanent Fund, in this closing. J.P. Morgan acted as sole placement agent to Indigo on this transaction. This latest round will support Indigo’s commitment to building a new kind of agriculture company — one that is focused on improving farmer profitability, environmental sustainability, and consumer health.

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Indigo announces significant yield gains in winter wheat and offers a price premium for US wheat growers to grow Indigo Wheat™

August 29, 2017 | Indigo Agriculture
  • Indigo Wheat™ demonstrates an average yield improvement of 15.7% in expected conditions and 8.3% across all conditions in the water-stressed target region of Kansas
  • Indigo announces the intention to contract with leading farmers to produce 10.5 million bushels of Indigo Wheat™ for a 30 cent per bushel premium

Boston, Massachusetts, August 29, 2017 – Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, released preliminary data from its microbial seed treatment for wheat. Indigo’s second commercial product, Indigo Wheat™ was launched in the fall of 2016 on approximately 20,000 acres across multiple states and was recently harvested. The seed treatment, developed from naturally occurring, in-plant microbes, increases the productivity of wheat plants by improving plant tolerance to water stress.

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Indigo’s leadership team expands with appointment of Jeff Poulton as Chief Financial Officer

August 21, 2017 | Indigo Agriculture
  • Respected finance and business development executive to join Indigo

Boston, Massachusetts, August 21, 2017 - Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces today the appointment of Jeff Poulton as the company’s Chief Financial Officer. Indigo’s newest leader will manage the company’s financial operations and support its growth aspirations, bringing with him extensive experience in finance, investor relations, and strategy.

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Tiny organisms could help crops endure droughts

August 21, 2017 | Yale Climate Connections

By Eileen Mignoni

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Boston Startup Hopes Its Seeds Will Help Farmers Cope With Climate Change

August 16, 2017 | WBUR

By Asma Khalid

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Press Release

Indigo appoints Dr. Mehmood Khan, MD, PepsiCo’s Vice Chairman and Chief Scientific Officer, to Board of Directors

July 12, 2017 | Indigo Agriculture
  • Esteemed leader responsible for sustainable innovations in the food industry to join Indigo
  • Indigo's Board grows to six industry experts, poised to help drive company growth

Boston, Massachusetts, July 12, 2017 – Indigo Ag, Inc., a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces today the appointment of Dr. Mehmood Khan, Vice Chairman and Chief Scientific Officer of PepsiCo, to its Board of Directors. Alongside other members, Dr. Khan will help support the company’s mission with his years of experience leading innovative and sustainable agriculture and nutrition initiatives.

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Watch: Technology Pioneer Q&A with David Perry at the 2017 Annual Meeting of the New Champions

June 28, 2017 | Indigo Agriculture

Technology Pioneer QA with David PerryWhat are the most exciting innovations companies are working on around the world? David Perry, CEO and Director of Indigo Agriculture, participates in an exclusive Q&A with the 2017 World Economic Forum Technology Pioneers — a group of 30 global companies who are pioneering technology and innovation.

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A Movement Has Begun To Change The Way We Grow Our Food

June 18, 2017 | Forbes
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Indigo named 2017 Technology Pioneer by the World Economic Forum

June 14, 2017 | Indigo Agriculture
  • The World Economic Forum has announced its selection of the world’s 30 most promising Technology Pioneers of 2017
  • Companies were selected for their potential to significantly impact business and society through new technologies, as well as to advance the Fourth Industrial Revolution
  • Indigo was chosen for its proven potential to transform agriculture in a way that supports growers, consumers, and the environment
  • The full list of recognized Technology Pioneers can be viewed here

Boston, Massachusetts, June 14, 2017 – Indigo, a company dedicated to harnessing nature to help farmers sustainably feed the planet, was chosen among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers,” a selection of the world’s most innovative companies. A mission-driven company, Indigo is bringing naturally derived products to market that allow for crops to better withstand environmental stress, while also engaging in a shared-risk business model with farmers to improve grower profitability worldwide.

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Agtech Program Will Scour Fields For New Insights

May 11, 2017 | AgWeb

By Ben Potter

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Press Release

Indigo launches Indigo Partners™, an innovative platform designed to evaluate and accelerate adoption of new technologies in agriculture

April 25, 2017 | Indigo Agriculture
  • The Indigo Partners™ program gives growers access to innovative ag technologies, including Indigo’s microbial products
  • With partner growers, Indigo will assess, validate, and determine the impact of new technologies based on field data and grower experience
  • This program will serve as a broad-reaching R&D platform for growers and innovators in the agriculture industry

Boston, Massachusetts, April 25, 2017 –Indigo, a company dedicated to harnessing nature to help farmers sustainably feed the planet, today announced the launch of Indigo Partners™. The 2017 program involves collaborating with 25 leading growers and agronomic experts across the United States to evaluate agricultural technologies, including Indigo’s microbial seed treatments, on over 15,000 acres. The Indigo Partners program shares company success with growers through equity grants. With the data and insights gathered from growers’ fields, Indigo aims to bring products to market that will profoundly improve both grower profitability and the way that seven billion people are fed. 

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Indigo announces appointment of new senior leaders to support company’s growth

April 03, 2017 | Indigo Agriculture
  • Accomplished executives bring additional expertise in agriculture, technology, and food

Boston, Massachusetts, April 3, 2017 - Indigo, a company dedicated to harnessing nature to help farmers sustainably feed the planet, announces today the appointment of three new senior executive leaders reporting directly to Chief Executive Officer and Director David Perry. Indigo also announces the appointment of John Gehring, former Chief Financial Officer of Conagra Brands, to its Board of Directors. New team members bring deep and diverse experience, and strengthen the organization capabilities in agriculture, technology, and food.

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Ag Companies Are Looking To Feed The World With Microbes

March 15, 2017 | vocativ

By Alexandra Ossola

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"From the Ground Up": West Texas cotton yields 10% higher

March 08, 2017 | KBTX

View the interview with Greg Sword, professor of entomology at Texas A&M, on KBTX.

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Press Release

New research data published in Frontiers in Microbiology confirm the microbiome’s potential to impact plant health

February 28, 2017 | Indigo Agriculture
  • Beneficial microbes—referred to as endophytes—are sourced in nature and can be re-introduced into the plant through seed coating to improve plant health in agriculture      
  • Researchers at Indigo and the Austrian Institute of Technology demonstrated that a novel spray technique on flowers enables the transfer of beneficial microbes into its seeds     
  • The plants grown from the seeds produced by the treated flowers demonstrated improved growth and increased yield 

Boston, Massachusetts, February 28, 2017 - Indigo, a company dedicated to harnessing nature to help growers sustainably feed the planet, announced today the publication of research to improve the microbiome of crop plants. Plants depend upon a complex environment that contains beneficial bacteria and fungi for healthy growth and development. Some microbes that live within the plant itself are known as ‘endophytes’ and are fundamental to the health of plants. Until now, data have shown that these beneficial microbes can be incorporated into plants via association with the soil, or by coating endophytes directly onto seeds.  

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Agriculture takes promising step towards boosting crop yields

January 10, 2017 | The Financial Times

By Clive Cookson

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Press Release

Indigo’s Preliminary Commercial Data Demonstrate Significant Yield Gains for Growers with Plant Microbiome Product

January 09, 2017 | Indigo Agriculture
  • Indigo™ Cotton demonstrated an average yield improvement of 11% in the target environment of West Texas
  • Farmers experienced productivity gains in diverse growing conditions without increased use of water or agricultural chemicals
  • Novel R&D platform and economic proposition enable continuous innovation in cotton and other crops

Boston, Massachusetts, January 9, 2017 - Indigo, a company dedicated to harnessing nature to help growers sustainably feed the planet, announced preliminary data from its first commercial product, Indigo™ Cotton. Launched in the spring of 2016 on approximately 50,000 acres across multiple states, Indigo Cotton is a seed treatment based on naturally occurring, in-plant microbes (endophytes). Indigo Cotton has been developed to help increase water use efficiency, with the goal of improving yields when plants are growing under water stress.

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News

10 Mass. companies to watch in 2017

December 31, 2016 | The Boston Globe

At the former Hood dairy plant, scientists working for Indigo Agriculture are trying to coax bacteria and fungi to produce supercharged versions of everyday plants. If they succeed, farmers could begin harvesting crops that require less water and fewer pesticides, all without having to mess with a plant’s DNA. There’s a lot of money betting they can pull it off.

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Press Release

Indigo to partner with Flinders University in South Australia

December 07, 2016 | Indigo Agriculture

At Indigo, we seek to partner with academic institutions worldwide in their research dedicated to the plant microbiome. These partnerships are essential as we work to bring innovative microbial products to growers. We are always eager to expand our network of academic collaborators, and are excited to share this news of our recent partnership with Flinders University in South Australia.

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Farmers Are Manipulating Microbiomes to Help Crops Grow

October 10, 2016 | Wired

By Sarah Zhang

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Microbiome Companies Attract Big Investments

September 18, 2016 | Wall Street Journal

By Brian Gormley

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To save on water, seeds get microbes

July 23, 2016 | Arkansas Democrat-Gazette

A couple of Arkansans are key parts of a Massachusetts agritech research firm's plans to spend some $100 million to help farmers raise crops on less water and eventually help feed the planet's population more efficiently.

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Looking to double headcount, Charlestown food-tech startup raises $100M

July 21, 2016 | Boston Business Journal

By Greg Ryan

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Press Release

Indigo Raises $100M in Series C Funding; Company Launches First Commercial Product for Water Efficiency in Cotton

July 21, 2016 | Indigo Agriculture

Boston, Massachusetts, July 21, 2016  Indigo, a company dedicated to harnessing nature to help farmers sustainably feed the planet, announced today that it has closed a $100 million Series C investment, the largest private equity financing in the agriculture technology sector. The round was led by the $54 billion Alaska Permanent Fund, with participation from previous investors, including Flagship Ventures, Altitude Life Science Ventures and members of the management and board. The new funds will be applied to expand ongoing research and development efforts, to extend Indigo’s team, and to scale commercial operations in preparation for the launch of the company’s second product offering later this year. As part of its long­term commitment to Indigo, the Alaska Permanent Fund also intends to invest a similar amount in Indigo’s future financings.

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Q&A: Indigo's CEO Reveals the Logic Behind Its Plant Microbiome Technology

July 21, 2016 | BostInno

By Olivia Vanni

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Indigo Raises $100M Series C, the 'Largest' Private Equity Round for an AgTech Co

July 21, 2016 | BostInno

By Dylan Martin

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[VIDEO] Innovating ag & boosting farmers' harvests

July 21, 2016 | CNBC Squawk Alley

By Editorial Staff

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This Bug Startup Just Raised $100 Million To Fight Hunger

July 21, 2016 | Fortune

By Dan Primack

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New Way to Boost Crop Production Doesn’t Rely on GMOs or Pesticides

July 21, 2016 | MIT Technology Review

By Mike Orcutt

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Indigo racks up $100 mln Series C

July 21, 2016 | PE Hub

By Iris Dorbian

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[ARTICLE & VIDEO] A Seed Grows in Boston

July 21, 2016 | TechCrunch

By Signe Brewster 

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New probiotic seeds grow crops that require less water to survive

July 21, 2016 | The Verge

By Alex Brokaw

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Ag-tech startup Indigo raises $100 million new funding round

July 21, 2016 | Reuters

By Heather Somerville

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Indigo’s Microbial Tech for Crops Lands $100M to Fight Plant Stresses

July 21, 2016 | Xconomy

By Frank Vinluan

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Indigo Agricultural Raises $100M for Microbiome Crop Technology

July 21, 2016 | Wall Street Journal

By Tomio Geron

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Indigo Raises $100m in Agtech’s Largest Funding Round, Launches First Seed Coating Product

July 21, 2016 | AgFunder

By Lauren Manning

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Plants have a microbiome just like humans — and it could transform how our food is produced

July 21, 2016 | Business Insider

By Ariel Schwartz

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Indigo raises $100m to help grow hardier crops

July 20, 2016 | The Boston Globe

By Curt Woodward

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Will microbes save agriculture?

June 02, 2016 | The Los Angeles Times

By Geoffrey Mohan

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Indigo Is Researching Microbes So We Can Feed the next Billion People

April 14, 2016 | Big Think

By Natalie Shoemaker

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One Startup’s Plan to Grow More Crops: Put The Germs Back In

February 19, 2016 | The Verge

By Ben Popper 

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These Probiotics For Plants Could Help Feed The World

February 18, 2016 | Fast Company

By Adele Peters

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Startup Indigo wants to use bacteria to create hardy super-crops.

February 18, 2016 | The Boston Globe

By Nidhi Subbaraman

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This Startup Wants to Use Bacteria to Revolutionize How Our Food Is Produced

February 18, 2016 | Fortune

By Beth Kowitt

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Startup Bets Its Magic Touch on Seeds Can Boost Crop Yields

February 18, 2016 | MIT Technology Review

By Mike Orcutt

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Indigo Agriculture Digs Up $30.5M to Bring Probiotics to Plants

February 18, 2016 | Wall Street Journal

By Lora Kolodny

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Indigo Is Mapping Plant Microbiomes To Produce Next Generation Crops

February 18, 2016 | TechCrunch

By Matthew Lynley

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