Indigo Raises $250 Million to Bring Tech to Big Agriculture
- Startup is one of many using microbes to boost farming output
- Funding will also go to expand digital grain marketplace
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Bacteria-based agriculture is starting to become big business. On Tuesday startup Indigo Ag Inc. announced it had raised $250 million from investors, bringing its funding total to more than $650 million.
Investors in the round included Baillie Gifford, the Investment Corporation of Dubai and the Alaska Permanent Fund. It comes on the heels of a $203 million financing round last year which valued the Boston-based company at $1.4 billion.