Indigo joined the Unicorn Club on June 24, 2020 after raising a $360 million Series F funding round led by Riverstone Holdings, valuing the company at $3.5 billion. Headquartered in Boston, Massachusetts, United States, Indigo develops microbe-based plant protection products, offers online marketplaces for grains and certified crops, and supports regenerative agricultural practices through microbiome treatments.
Keep reading to learn how Indigo has become a leader in crop tech and agrochemical solutions.
What Is Indigo and What Does It Do?
Founded in 2013, Indigo provides microbe-based solutions to optimize plant growth, protect crops from environmental stresses, and improve yield potential and milling quality. The company also operates online marketplaces for buying and selling grains, certified crops, and agrochemicals. Indigo integrates microbiome treatments and regenerative agricultural support to help farmers implement sustainable practices and maximize productivity.
How Much Funding Has Indigo Raised?
1. Seed Round
- Amount Raised: $20 million
- Date: 2013–2014
- Lead Investors: InvestX
- Purpose: Launch company, develop microbe-based plant protection platform
2. Series A Round
- Amount Raised: $50 million
- Date: 2015
- Lead Investors: InvestX
- Purpose: Expand R&D, launch first crop treatment products, and hire team
3. Series B Round
- Amount Raised: $80 million
- Date: 2016
- Lead Investors: EQUIAM
- Purpose: Scale product development, establish marketplace, and support field trials
4. Series C Round
- Amount Raised: $120 million
- Date: 2017
- Lead Investors: Riverstone Holdings, InvestX
- Purpose: Expand crop treatment products and develop cloud-based marketplace
5. Series D Round
- Amount Raised: $180 million
- Date: 2018
- Lead Investors: InvestX
- Purpose: Accelerate microbiome treatment programs and regenerative agriculture support
6. Series E Round
- Amount Raised: $240 million
- Date: 2019
- Lead Investors: Riverstone Holdings, EQUIAM
- Purpose: Scale operations, increase marketplace adoption, and expand international footprint
7. Series F Round
- Amount Raised: $360 million
- Date: June 24, 2020
- Lead Investors: Riverstone Holdings
- Purpose: Expand microbe-based crop products, scale marketplaces, and support global farmers
8. Series G Round
- Amount Raised: $250 million
- Date: September 15, 2023
- Lead Investors: Riverstone Holdings, InvestX
- Purpose: Continue scaling crop tech, accelerate regenerative practices, and expand international adoption
Total Funding Raised: $1.4 billion
Latest Funding Date: September 15, 2023
Latest Known Valuation: $3.5 billion
Key Investors
- Riverstone Holdings
- Details: Investment firm backing high-growth technology and industrial companies
- Focus Areas: Agtech, sustainable solutions, and global growth initiatives
- InvestX
- Details: Venture capital firm investing in early and growth-stage companies
- Focus Areas: Crop technology, biotech, and agricultural innovation
- EQUIAM
- Details: Investment firm supporting high-potential technology startups
- Focus Areas: Crop science, sustainability, and agtech solutions
Where Is Indigo’s Headquarters?
Indigo is headquartered in Boston, Massachusetts, United States, supporting research, product development, and operational teams for its crop tech and marketplace platforms.
What’s Next for Indigo?
Indigo plans to continue expanding microbe-based crop treatments, scale its grain and agrochemical marketplaces, and support regenerative agricultural practices globally. The company aims to enhance yield potential, improve environmental resilience, and promote sustainable farming through advanced crop technology solutions.
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