Indigo
“Can a microbiology-rooted agtech company become the end-to-end financial and market-access operating system for grain farmers?”
Founded2014
HQBoston, Massachusetts, USA
FoundersDavid Perry
Total raised$650M+
Latest roundSeries F, August 2020
Valuation$3.5B post-money (Series E, 2019)
IndustryVertical SaaS / Agriculture
The story
Founded in 2014 as a plant microbiology company aiming to boost crop yields through beneficial microbes. Expanded beyond crop science into a broader agricultural platform including a grain marketplace (connecting farmers to buyers) and a carbon program offering farmers revenue for sustainable practices. By 2020, Indigo had raised over $650M and was positioning itself as the financial and operational OS for farmers, with embedded financial tools such as crop financing and market access layered onto its agronomic platform.
Last 12 months
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Product timeline
2014
Founded as an agricultural technology company focused on plant microbiology to improve crop yields and sustainability.· pivot
2017
Raised $47M in funding, reaching nearly $1.5B valuation, expanding microbial seed treatment products.· banking
2019
Raised $250M Series E at $3.5B valuation; expanded into connecting farmers with grain buyers via Indigo Marketplace.· pivot
2020
Raised Series F led by Flagship Pioneering; continued expansion of carbon credit and grain marketplace businesses.· pivot
The stack
Accounting gap: none