By Frank Vinluan
In the past year, Indigo Ag has brought to the market five microbial seed treatments that help plants hold up to crop stresses, such as drought. The company now has its sights set on developing more products for more applications, and it has raised $156 million to support that work.
New investors Baillie Gifford and Activant Capital joined in the Series D funding round. Founding investor Flagship Pioneering also participated in the financing, as did the Alaska Permanent Fund, a previous investor.