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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

0 layers disclosed in Indigo’s embedded-finance stack

Accounting gap: none

Indigo — frequently asked

Who founded Indigo?

Indigo was founded by David Perry and is founded in 2014, headquartered in Boston, Massachusetts, USA.

How much funding has Indigo raised?

Indigo has raised $650M+ in total (latest round: Series F, August 2020; valuation: $3.5B post-money (Series E, 2019)).

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