Inari valuation, funding and investors

Inari works in seed design and breeding technology development, based in Cambridge, United States. Founded in 2016, it has about 495 employees.

Biotechnology Growth Equity

VALUATION · TODAY

$1.41B −26% after Growth

Range $738M – $2.52B · Grade C

TODAY

+12 MO

$1.00B

$2.00B

$3.00B

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series B $40.0M

Series C $89.0M

Series D $208M

Series E $124M

Growth $103M

Growth $144M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY495 employees

−9%6m growth

−15%1y growth

+5%2y growth

250

500

750

Data from Jan 2021

TODAY

Predicted in 1 yr $1.05B −26% vs today

Predicted next raise $167M if a round comes

Winding-down probability 71%

Last round: Growth · $144M · Jan 2025
Valuation at last round: $1.68B · implied
Headcount: 495 · down
Grade: C
Founded: 2016

How VCMC values companies →

Inari valuation today

VCMC values Inari at $1.4B today, with a range of $738M to $2.5B and a grade of C. The valuation starts from its last funding round, a growth round in Jan 2025.

Valuation by date (137 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Inari: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2016	$5.51M	$2.00M – $15.1M	$6.60M (+20%)	before first round	–	unknown	D	0%
1 Feb 2016	$5.53M	$2.01M – $15.2M	$6.78M (+23%)	before first round	–	unknown	D	0%
1 Mar 2016	$5.55M	$2.02M – $15.2M	$6.95M (+25%)	before first round	–	unknown	D	0%
1 Apr 2016	$5.57M	$2.03M – $15.3M	$7.14M (+28%)	before first round	–	unknown	D	0%
1 May 2016	$5.59M	$2.04M – $15.4M	$7.33M (+31%)	before first round	–	unknown	D	0%
1 Jun 2016	$5.61M	$2.04M – $15.4M	$7.53M (+34%)	before first round	–	unknown	D	0%
1 Jul 2016	$5.64M	$2.05M – $15.5M	$7.72M (+37%)	before first round	–	unknown	D	0%
1 Aug 2016	$5.79M	$2.11M – $15.9M	$7.93M (+37%)	before first round	–	unknown	D	0%
1 Sep 2016	$5.94M	$2.16M – $16.3M	$8.15M (+37%)	before first round	–	unknown	D	0%
1 Oct 2016	$6.10M	$2.22M – $16.8M	$8.36M (+37%)	before first round	–	unknown	D	0%
1 Nov 2016	$6.26M	$2.28M – $17.2M	$8.59M (+37%)	before first round	–	unknown	D	0%
1 Dec 2016	$6.43M	$2.34M – $17.7M	$8.81M (+37%)	before first round	–	unknown	D	0%
1 Jan 2017	$6.60M	$2.40M – $18.1M	$9.05M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$6.78M	$2.47M – $18.6M	$9.29M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$6.94M	$2.53M – $19.1M	$9.52M (+37%)	before first round	–	unknown	D	0%
1 Apr 2017	$7.13M	$2.60M – $19.6M	$9.78M (+37%)	before first round	–	unknown	D	0%
1 May 2017	$7.32M	$2.67M – $20.1M	$10.0M (+37%)	before first round	–	unknown	D	0%
1 Jun 2017	$7.52M	$2.74M – $20.7M	$10.3M (+37%)	before first round	–	unknown	D	0%
1 Jul 2017	$7.72M	$2.81M – $21.2M	$10.6M (+37%)	before first round	–	unknown	D	0%
1 Aug 2017	$7.93M	$2.89M – $21.8M	$10.9M (+37%)	before first round	–	unknown	D	0%
1 Sep 2017	$8.14M	$2.96M – $22.4M	$11.2M (+37%)	before first round	–	unknown	D	0%
1 Oct 2017	$8.36M	$3.04M – $23.0M	$11.5M (+37%)	before first round	–	unknown	D	0%
1 Nov 2017	$8.58M	$3.12M – $23.6M	$11.8M (+37%)	before first round	–	unknown	D	0%
1 Dec 2017	$8.81M	$3.21M – $24.2M	$12.1M (+37%)	before first round	–	unknown	D	0%
1 Jan 2018	$9.05M	$3.29M – $24.9M	$12.4M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$9.29M	$3.38M – $25.5M	$12.7M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$9.52M	$3.47M – $26.2M	$13.1M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$9.78M	$3.56M – $26.9M	$13.4M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$10.0M	$3.65M – $27.6M	$13.8M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$10.3M	$3.75M – $28.3M	$14.1M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$10.6M	$3.85M – $29.1M	$14.5M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$10.9M	$3.96M – $29.9M	$14.7M (+35%)	before first round	–	unknown	D	0%
10 Aug 2018	$286M	$188M – $652M	$429M (+50%)	after a round	–	unknown	C	0%
1 Sep 2018	$293M	$188M – $652M	$429M (+46%)	after a round	–	unknown	C	0%
1 Oct 2018	$303M	$188M – $652M	$429M (+41%)	after a round	–	unknown	C	0%
1 Nov 2018	$314M	$188M – $652M	$429M (+37%)	after a round	–	unknown	C	0%
1 Dec 2018	$324M	$188M – $652M	$429M (+32%)	after a round	–	unknown	C	0%
1 Jan 2019	$336M	$188M – $652M	$429M (+28%)	after a round	–	unknown	C	0%
1 Feb 2019	$347M	$188M – $652M	$429M (+23%)	after a round	–	unknown	C	0%
1 Mar 2019	$358M	$188M – $652M	$429M (+20%)	after a round	–	unknown	C	0%
1 Apr 2019	$371M	$188M – $652M	$429M (+16%)	after a round	–	unknown	C	0%
1 May 2019	$383M	$188M – $652M	$429M (+12%)	after a round	–	unknown	C	0%
1 Jun 2019	$397M	$188M – $652M	$429M (+8%)	after a round	–	unknown	C	0%
1 Jul 2019	$410M	$188M – $652M	$429M (+4%)	after a round	–	unknown	C	0%
1 Aug 2019	$425M	$188M – $652M	$429M (+1%)	after a round	–	unknown	C	0%
7 Aug 2019	$654M	$461M – $1.2B	$850M (+30%)	after a round	–	unknown	B	0%
1 Sep 2019	$666M	$461M – $1.2B	$850M (+28%)	after a round	–	unknown	B	0%
1 Oct 2019	$681M	$461M – $1.2B	$850M (+25%)	after a round	–	unknown	B	0%
1 Nov 2019	$696M	$461M – $1.2B	$850M (+22%)	after a round	–	unknown	B	0%
1 Dec 2019	$711M	$461M – $1.2B	$850M (+20%)	after a round	–	unknown	B	0%
1 Jan 2020	$727M	$461M – $1.2B	$850M (+17%)	after a round	–	unknown	B	0%
1 Feb 2020	$744M	$461M – $1.2B	$850M (+14%)	after a round	–	unknown	B	0%
1 Mar 2020	$759M	$461M – $1.2B	$850M (+12%)	after a round	–	unknown	B	0%
1 Apr 2020	$777M	$461M – $1.2B	$850M (+9%)	after a round	–	unknown	B	0%
1 May 2020	$793M	$461M – $1.2B	$850M (+7%)	after a round	–	unknown	B	0%
1 Jun 2020	$811M	$461M – $1.2B	$850M (+5%)	after a round	–	unknown	B	0%
1 Jul 2020	$829M	$461M – $1.2B	$850M (+3%)	after a round	–	unknown	B	0%
1 Aug 2020	$848M	$461M – $1.2B	$850M (0%)	after a round	–	unknown	B	0%
1 Sep 2020	$850M	$443M – $1.2B	$850M (0%)	after a round	–	unknown	B	0%
1 Oct 2020	$850M	$423M – $1.2B	$850M (0%)	after a round	–	unknown	B	0%
1 Nov 2020	$850M	$404M – $1.2B	$850M (0%)	after a round	–	unknown	B	0%
1 Dec 2020	$850M	$386M – $1.2B	$850M (0%)	after a round	–	unknown	B	0%
1 Jan 2021	$850M	$369M – $1.2B	$850M (0%)	after a round	220	unknown	B	0%
1 Feb 2021	$850M	$352M – $1.2B	$850M (0%)	after a round	220	unknown	C	0%
1 Mar 2021	$850M	$338M – $1.2B	$850M (0%)	after a round	220	unknown	C	0%
1 Apr 2021	$850M	$322M – $1.2B	$850M (0%)	after a round	220	flat	C	0%
1 May 2021	$850M	$308M – $1.2B	$850M (0%)	after a round	220	flat	C	0%
13 May 2021	$1.2B	$1.0B – $1.8B	$1.6B (+30%)	after a round	220	flat	A	0%
1 Jun 2021	$1.2B	$1.0B – $1.8B	$1.6B (+28%)	after a round	220	flat	A	0%
1 Jul 2021	$1.2B	$1.0B – $1.8B	$1.6B (+25%)	after a round	220	flat	A	0%
1 Aug 2021	$1.3B	$1.0B – $1.8B	$1.6B (+23%)	after a round	220	flat	A	0%
1 Sep 2021	$1.3B	$1.0B – $1.8B	$1.6B (+20%)	after a round	220	flat	A	0%
1 Oct 2021	$1.3B	$1.0B – $1.8B	$1.6B (+17%)	after a round	220	flat	A	0%
1 Nov 2021	$1.4B	$1.0B – $1.8B	$1.6B (+15%)	after a round	220	flat	A	0%
1 Dec 2021	$1.4B	$1.0B – $1.8B	$1.6B (+12%)	after a round	220	flat	A	0%
1 Jan 2022	$1.4B	$1.0B – $1.8B	$1.6B (+10%)	after a round	220	flat	A	0%
1 Feb 2022	$1.5B	$1.0B – $1.8B	$1.6B (+7%)	after a round	220	flat	A	0%
1 Mar 2022	$1.5B	$1.0B – $1.8B	$1.6B (+5%)	after a round	220	flat	A	0%
1 Apr 2022	$1.6B	$1.0B – $1.9B	$1.6B (+4%)	after a round	280	up	A	0%
1 May 2022	$1.6B	$1.0B – $1.9B	$1.6B (+1%)	after a round	280	up	A	0%
1 Jun 2022	$1.6B	$1.0B – $1.9B	$1.6B (0%)	after a round	280	up	A	0%
1 Jul 2022	$1.6B	$1.0B – $1.9B	$1.6B (0%)	after a round	280	up	B	0%
1 Aug 2022	$1.6B	$1.0B – $1.9B	$1.6B (0%)	after a round	280	up	B	0%
1 Sep 2022	$1.6B	$1.0B – $1.9B	$1.6B (0%)	after a round	280	up	B	0%
1 Oct 2022	$1.6B	$1.0B – $1.9B	$1.6B (0%)	after a round	280	up	B	0%
5 Oct 2022	$1.5B	$1.3B – $2.2B	$2.0B (+30%)	after a round	280	unknown	A	0%
1 Nov 2022	$1.5B	$1.3B – $2.2B	$2.0B (+27%)	after a round	280	unknown	A	0%
1 Dec 2022	$1.6B	$1.3B – $2.2B	$2.0B (+25%)	after a round	280	unknown	A	0%
1 Jan 2023	$1.6B	$1.3B – $2.2B	$2.0B (+22%)	after a round	330	up	A	0%
1 Feb 2023	$1.6B	$1.3B – $2.2B	$2.0B (+19%)	after a round	330	up	A	0%
1 Mar 2023	$1.7B	$1.3B – $2.2B	$2.0B (+17%)	after a round	330	up	A	0%
1 Apr 2023	$1.7B	$1.3B – $2.2B	$2.0B (+14%)	after a round	330	up	A	0%
1 May 2023	$1.7B	$1.3B – $2.2B	$2.0B (+12%)	after a round	330	up	A	0%
1 Jun 2023	$1.8B	$1.3B – $2.2B	$2.0B (+9%)	after a round	330	up	A	0%
1 Jul 2023	$1.8B	$1.3B – $2.2B	$2.0B (+7%)	after a round	330	up	A	0%
1 Aug 2023	$1.9B	$1.3B – $2.2B	$2.0B (+5%)	after a round	330	up	A	0%
1 Sep 2023	$1.9B	$1.3B – $2.2B	$2.0B (+2%)	after a round	330	up	A	0%
1 Oct 2023	$2.0B	$1.3B – $2.4B	$2.0B (0%)	after a round	410	growing	A	0%
1 Nov 2023	$2.0B	$1.3B – $2.4B	$2.0B (0%)	after a round	410	up	A	0%
1 Dec 2023	$2.0B	$1.3B – $2.4B	$2.0B (0%)	after a round	410	up	B	0%
1 Jan 2024	$2.0B	$1.3B – $2.4B	$2.0B (0%)	after a round	410	up	B	0%
31 Jan 2024	$1.7B	$1.4B – $2.1B	$1.8B (+10%)	after a round	410	up	A	0%
1 Feb 2024	$1.7B	$1.4B – $2.1B	$1.8B (+10%)	after a round	410	up	A	0%
1 Mar 2024	$1.7B	$1.4B – $2.1B	$1.8B (+9%)	after a round	450	growing	A	0%
1 Apr 2024	$1.7B	$1.4B – $2.1B	$1.8B (+8%)	after a round	450	growing	A	0%
1 May 2024	$1.7B	$1.4B – $2.1B	$1.8B (+7%)	after a round	450	growing	A	0%
1 Jun 2024	$1.7B	$1.4B – $2.1B	$1.8B (+7%)	after a round	450	growing	A	0%
1 Jul 2024	$1.7B	$1.4B – $2.1B	$1.8B (+6%)	after a round	450	growing	A	0%
1 Aug 2024	$1.7B	$1.4B – $2.1B	$1.8B (+5%)	after a round	470	up	A	0%
1 Sep 2024	$1.8B	$1.4B – $2.1B	$1.8B (+4%)	after a round	470	up	A	0%
1 Oct 2024	$1.8B	$1.4B – $2.1B	$1.8B (+4%)	after a round	470	up	A	0%
1 Nov 2024	$1.8B	$1.4B – $2.1B	$1.8B (+3%)	after a round	490	up	A	0%
1 Dec 2024	$1.8B	$1.4B – $2.1B	$1.8B (+2%)	after a round	490	up	A	0%
1 Jan 2025	$1.8B	$1.4B – $2.1B	$1.8B (+1%)	after a round	490	up	A	0%
8 Jan 2025	$1.7B	$1.2B – $2.6B	$1.8B (+10%)	after a round	490	up	B	0%
1 Feb 2025	$1.7B	$1.2B – $2.6B	$1.8B (+9%)	after a round	490	up	B	0%
1 Mar 2025	$1.7B	$1.2B – $2.6B	$1.8B (+8%)	after a round	490	up	B	0%
1 Apr 2025	$1.7B	$1.2B – $2.7B	$1.9B (+9%)	after a round	542	up	B	0%
1 May 2025	$1.7B	$1.2B – $2.7B	$1.9B (+8%)	after a round	542	up	B	0%
1 Jun 2025	$1.8B	$1.2B – $2.7B	$1.9B (+7%)	after a round	542	up	B	0%
1 Jul 2025	$1.8B	$1.2B – $2.7B	$1.9B (+7%)	after a round	572	up	B	0%
1 Aug 2025	$1.8B	$1.2B – $2.7B	$1.9B (+6%)	after a round	579	up	B	0%
1 Sep 2025	$1.8B	$1.2B – $2.7B	$1.9B (+5%)	after a round	579	up	B	0%
1 Oct 2025	$1.9B	$1.2B – $2.7B	$1.9B (+4%)	after a round	579	up	B	0%
1 Nov 2025	$1.9B	$1.2B – $2.7B	$1.9B (+2%)	after a round	549	up	B	0%
1 Dec 2025	$1.9B	$1.2B – $2.7B	$1.9B (+1%)	after a round	549	up	B	0%
1 Jan 2026	$1.9B	$1.2B – $2.7B	$1.9B (0%)	after a round	549	up	B	0%
1 Feb 2026	$1.9B	$1.2B – $2.7B	$1.9B (0%)	after a round	549	up	B	0%
1 Mar 2026	$1.9B	$1.2B – $2.7B	$1.9B (0%)	after a round	549	up	B	0%
1 Apr 2026	$1.9B	$1.1B – $2.7B	$1.9B (0%)	after a round	545	up	B	0%
1 May 2026	$1.9B	$1.1B – $2.7B	$1.9B (0%)	after a round	545	up	B	0%
1 Jun 2026	$1.8B	$956M – $2.7B	$1.8B (-4%)	after a round	545	flat	B	10%
1 Jul 2026	$1.8B	$910M – $2.7B	$1.8B (-4%)	after a round	545	flat	B	10%
1 Aug 2026	$1.7B	$853M – $2.6B	$1.4B (-15%)	after a round	510	flat	B	41%
1 Sep 2026	$1.6B	$810M – $2.6B	$1.4B (-16%)	after a round	510	flat	B	41%
1 Oct 2026	$1.5B	$766M – $2.5B	$1.2B (-22%)	after a round	495	flat	B	60%
24 Oct 2026	$1.4B	$738M – $2.5B	$1.0B (-26%)	after a round	495	down	C	71%

Key facts about Inari

Founded: 2016
Headquarters: Cambridge, United States
Employees: about 495 -15% in a year
Total raised: $753M
Funding rounds: 7
Last round: Growth Equity Jan 2025

Inari was founded in 2016 by George Church, Ignacio Martinez and Steve Jacobsen.

Inari funding history

Inari has 7 funding rounds on record, from Aug 2018 to Jan 2025, $753M in total. The latest disclosed valuation is $1.65B post-money (Growth Equity, Jan 2024).

Growth Equity 7 Jan 2025
With Abu Dhabi Investment Authority, Hanwha Impact, NGS Super, State of Michigan Retirement System, Flagship Pioneering.
Sources: inari.com, prnewswire.com
$144M
Growth Equity 30 Jan 2024
With Hanwha Impact, Canada Pension Plan Investment Board, Rivas Capital, NGS Super, State of Michigan Retirement System, Flagship Pioneering, RCM Private Markets fund.
Sources: agfundernews.com, inari.com, prnewswire.com and 3 more
$103M
$1.65B post-money
Series E 4 Oct 2022
Led by Canada Pension Plan Investment Board, Flagship Pioneering; with Hanwha Impact, NGS Super, Banque Pictet, Sage Hill Investors.
Sources: finsmes.com, inari.com, agfundernews.com and 2 more
$124M
$1.50B post-money
Series D 12 May 2021
Led by Flagship Pioneering, Alexandria Venture Investments; with Investment Corporation of Dubai, Banque Pictet, Rivas Capital, G Squared, Pavilion Capital.
Sources: inari.com, inari.com
$208M
$1.20B post-money
Debt 22 Apr 2020no round page
With K2 HealthVentures.
Sources: prnewswire.com, seedworld.com, agrospectrumindia.com
$45M
Series C 6 Aug 2019
With Flagship Pioneering, Investment Corporation of Dubai, EDBI, Acre Venture Partners.
Sources: inari.com, prnewswire.com
$89M
Series B 9 Aug 2018
Led by Flagship Pioneering; with Acre Venture Partners, Alexandria Venture Investments.
Sources: finsmes.com, flagshippioneering.com, prnewswire.com and 1 more
$40M

Inari investors

18 investors have backed Inari; Flagship Pioneering, Alexandria Venture Investments and Canada Pension Plan Investment Board led at least one round.

Flagship Pioneering lead, 6 rounds
Alexandria Venture Investments lead, 2 rounds
Canada Pension Plan Investment Board lead, 2 rounds
NGS Super 3 rounds
Banque Pictet 2 rounds
Investment Corporation of Dubai 2 rounds
Rivas Capital 2 rounds
State of Michigan Retirement System 2 rounds
Abu Dhabi Investment Authority
EDBI
G Squared
Hanwha Impact
Pavilion Capital
RCM Private Markets fund

What Inari does

Inari works in biotechnology, with 14 recorded offerings and customers in agriculture.

Inari Agriculture, Inc. is an American biotechnology company engaged in seed design and breeding technology. The company develops crop improvement solutions using genomics, artificial intelligence, and multiplex gene editing, and operates a commercial platform for seed design. Inari also engages in strategic partnerships with seed companies and maintains an intellectual property portfolio related to its technology.

Description from Veridion's company data.

Products and services

Seed Design and Breeding Technology Development
Genomics-Based Seed Design Services
AI-Enabled Seed Design Services
Multiplex Gene Editing Application
Broadacre Crop Seed Design Services
Sustainable Agriculture Seed Solutions
Crop Productivity Enhancement Solutions
Water and Nitrogen Efficiency Seed Development
High-Yield Seed Development
Strategic Seed Technology Partnerships
Agricultural Sustainability Consulting
Agricultural Intellectual Property Management
Agricultural Biotechnology Consulting
Agricultural Research Collaboration Services

Markets

Agriculture

Technology

Genomics
Artificial Intelligence
Multiplex Gene Editing

Business model

Business-to-Business
Manufacturing

Industry codes (NAICS)

541714 Research and Development in Biotechnology (except Nanobiotechnology) 100% match

Questions about Inari

What is Inari worth?

Valuation $1.4B (range $738M to $2.5B), as of 24 Oct 2026. The last disclosed valuation was $1.65B (Growth Equity, Jan 2024).

Has Inari raised money?

Inari has 7 funding rounds on record, from Aug 2018 to Jan 2025, $753M in total. The latest disclosed valuation is $1.65B post-money (Growth Equity, Jan 2024).

Who has invested in Inari?

Flagship Pioneering, Alexandria Venture Investments, Canada Pension Plan Investment Board, NGS Super, Acre Venture Partners and Banque Pictet, and 12 more. Lead investors include Flagship Pioneering, Alexandria Venture Investments and Canada Pension Plan Investment Board.

How many people work at Inari?

About 495, down 15% over the last year. Headcount rose from 220 in Jan 2021 to 579 in Aug 2025, then fell to 495 in Sep 2026.

What does Inari do?

Inari works in biotechnology, with 14 recorded offerings and customers in agriculture. Its main offerings are seed design and breeding technology development, genomics-based seed design services and AI-Enabled seed design services.

When was Inari founded, and where is it based?

Inari was founded in 2016 and is based in Cambridge, United States. It has about 495 employees, down 15% over the last year.

How we value companies Report an issue

Inari valuation, funding and investors

Inari valuation today

Key facts about Inari

Inari funding history

Growth Equity 7 Jan 2025

Growth Equity 30 Jan 2024

Series E 4 Oct 2022

Series D 12 May 2021

Debt 22 Apr 2020no round page

Series C 6 Aug 2019

Series B 9 Aug 2018