- Indigo Ag has raised over $250 million to expand its sustainable agriculture programs.
- The funding round includes existing and new investors, such as the State of Michigan Retirement System and Lingotto Investment Management.
- Indigo Ag’s revenues have shown significant growth, with a 40% increase in 2022 and a 90% increase in the first seven months of 2023 compared to 2022.
- The company aims to deliver 30 million bushels of sustainably grown grains in 2023 and has an industry-leading 133,000 registry-issued agricultural carbon credits.
- Indigo Ag will launch 38 new biological products globally over the next 30 months.
Indigo Ag, a leading sustainability partner in the agriculture industry, announced a successful fundraising round of over $250 million. The funds will drive innovation and growth in the company’s sustainable agriculture programs, aiming to serve its customers and partners better.
Funding and Market Validation
The recent investment round was led by Flagship Pioneering and included new investors such as the State of Michigan Retirement System and Lingotto Investment Management. “This fundraiser is not only a win for Indigo, but a major win for market access,” said Jed Miller, chief strategy officer for Ag Partners Coop. The successful funding round signals strong market validation and confidence in the company’s unique capabilities to drive scale success in agriculture.
Financial Growth and Business Momentum
Indigo Ag has shown remarkable financial growth, with net revenues increasing by 40% year-over-year in 2022. The company also reported a 90% revenue growth for the first seven months of 2023 compared to the same period in 2022. “We have the science, business momentum, and sufficient resources to continue to deliver on our promises,” said Ron Hovsepian, President and CEO of Indigo Ag.
Indigo Ag has successfully reduced Scope 3 emissions through its Market+ Source program. The company aims to deliver 30 million bushels of sustainably grown grains in 2023. Additionally, the company has produced an industry-leading 133,000 registry-issued agricultural carbon credits and is already working on its unprecedented third carbon crop.
Indigo Ag plans to expand its digital products and has a pipeline of 38 new biological products scheduled to launch globally over the next 30 months. These products aim to further the company’s mission of turning sustainability into real value for the agricultural value chain.