Funding round
Indigo Ag Series D
Indigo Ag, which works in sustainable agriculture solutions in Boston, raised $203M in a Series D round announced on 6 Dec 2017, led by Investment Corporation of Dubai. 5 firms took part. It is Indigo Ag's second venture round on record; the one before was a Series C in Jul 2016.
$203M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Indigo Ag did not disclose a valuation in this round. It came 17 months after Indigo Ag's Series C. It is 17% of the $1.16B Indigo Ag has raised in the venture rounds on record. Indigo Ag raised again 9 months later: a Series E round of $250M in Sep 2018, at $3.50B post-money.
Indigo Ag's funding rounds
Indigo Ag has 5 venture rounds on record. This one is highlighted.
- Series C 21 Jul 2016, led by Alaska Permanent Fund Corporation $100M
- Series D this round 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
Investment Corporation of Dubai led the round with 4 other firms.
Lead investor
- Investment Corporation of Dubai new investor
Also in the round
- backs 4 venture-backed companies new investor
- Baillie Gifford new investor
- backs 48 venture-backed companies new investor
- Flagship Pioneering new investor
Joined the board: Investment Corporation of Dubai (Investment Corporation of Dubai).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 1 Dec 2017 | $14M | not disclosed | not named |
| Chemicals | 22 Jan 2018 | $123M | not disclosed | Baillie Gifford |
| Chemicals | 2 Apr 2018 | $10M | not disclosed | Otter Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Indigo Ag raise in its Series D round?
Indigo Ag raised $203M in its Series D round, announced in Dec 2017.
Who led Indigo Ag's Series D round?
Investment Corporation of Dubai led it, with Alaska Permanent Fund Corporation, Baillie Gifford, Activant and Flagship Pioneering.
What was Indigo Ag's valuation at the Series D round?
It was not disclosed.
Did Indigo Ag raise again after this round?
Yes: a Series E round in Sep 2018 of $250M at $3.50B post-money.