Funding round
Indigo Ag Series C
Indigo Ag, which works in sustainable agriculture solutions in Boston, raised $100M in a Series C round announced on 21 Jul 2016, led by Alaska Permanent Fund Corporation. 3 firms took part. It is Indigo Ag's first venture round on record.
$100M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Indigo Ag did not disclose a valuation in this round. It is Indigo Ag's first venture round on record, 3 years after it was founded in 2013. It is 8.6% of the $1.16B Indigo Ag has raised in the venture rounds on record. Indigo Ag raised again 17 months later: a Series D round of $203M in Dec 2017. Its next priced round, a Series E in Sep 2018, valued it at $3.50B.
Indigo Ag's funding rounds
Indigo Ag has 5 venture rounds on record. This one is highlighted.
- Series C this round 21 Jul 2016, led by Alaska Permanent Fund Corporation $100M
- Series D 6 Dec 2017, led by Investment Corporation of Dubai $203M
- Series E 18 Sep 2018 $250M$3.50B post-money
- Series F 4 Aug 2020, led by Alaska Permanent Fund Corporation and Flagship Pioneering $360M$3.50B post-money
- Growth 15 Sep 2023, led by Flagship Pioneering $250M
Investors
Who put money in
Alaska Permanent Fund Corporation led the round with 2 other firms.
Lead investor
- backs 4 venture-backed companies new investor
Also in the round
- Flagship Ventures new investor
- Altitude Life Science Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Chemicals, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 11 May 2016 | $50M | not disclosed | Formation 8 |
| Tech Companies | 5 Jul 2016 | $82M | $445M | Stripes |
| Tech Companies | 27 Jul 2016 | $43M | not disclosed | Paladin Capital Group |
| Medical Supply Manufacturers | 14 Jul 2016 | $32M | not disclosed | SV Life Sciences (SVLS) |
| Computer Training Schools | 12 Jul 2016 | $30M | not disclosed | Prosus |
| Tech Companies | 19 Jul 2016 | $30M | not disclosed | Insight Partners |
| Tech Companies | 20 Jul 2016 | $29M | not disclosed | Foundry |
| Tech Companies | 5 Jul 2016 | $13M | not disclosed | Sozo Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Indigo Ag raise in its Series C round?
Indigo Ag raised $100M in its Series C round, announced in Jul 2016.
Who led Indigo Ag's Series C round?
Alaska Permanent Fund Corporation led it, with Flagship Ventures and Altitude Life Science Ventures.
What was Indigo Ag's valuation at the Series C round?
It was not disclosed.
Did Indigo Ag raise again after this round?
Yes: a Series D round in Dec 2017 of $203M.