Cleaner Tech
AgTech Startup Inari Raises Equity at $2.17 Billion Valuation
A grain cart carries corn during a harvest at a farm.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
Massachusetts agtech startup Inari Agriculture Inc. said it raised $144 million of new equity at a $2.17 billion valuation, a roughly 32% jump from a prior mark of $1.65 billion set last January.
New investors including a wholly-owned unit of the Abu Dhabi Investment Authority, which was joined by existing investors including Hanwha Impact, NGS Super, the State of Michigan Retirement System and Flagship Pioneering, the company said Tuesday.