Indigo Ag accelerates sustainability programs for farmers with $250m fundraise
Indigo Ag, the premier sustainability partner of the agriculture industry, announced that it has raised over $250 million to drive innovation and growth in its sustainable agriculture programs and better serve its customers and partners. The successful investment round signals market validation of the company's strategy and confidence in Indigo's unique ability to drive farmer and agribusiness success at scale.
The funding round includes existing investors, led by Flagship Pioneering, and new investors, including the State of Michigan Retirement System, one of the largest pension funds in the U.S. and Lingotto Investment Management, a $3 billion innovation-focused fund owned by Exor N.V., one of Europe's largest diversified holding companies.
Ron Hovsepian, President and CEO, Indigo Ag: "This important fundraise signals Indigo Ag's successful transition from a startup to a trusted partner that is delivering critical sustainability solutions. We have the science, business momentum and sufficient resources to continue to deliver on our promises to our partners and customers. We are well positioned for growth and profitability as we work with the agricultural value chain to turn sustainability into real value."
James Anderson, Managing Partner and Chief Investment Officer – Innovation, Lingotto: "In this difficult and obsessively short-term financial environment, it is vital to back innovative companies that are critical to meeting the challenges of the future of the Earth. We believe that Indigo Ag has endured demanding times but now has a bright future and an important role in mitigating climate damage. Therefore, Lingotto Innovation is proud to support the company."