Funding round
Indigo Ag Series E
Indigo Ag, which works in sustainable agriculture solutions in Boston, raised $250M in a Series E round announced on 18 Sep 2018, at a $3.50B post-money valuation. 4 firms took part. It is Indigo Ag's third venture round on record; the one before was a Series D in Dec 2017.
$250M
Amount raised
$3.50B
Post-money valuation
$3.25B pre-money
4
Investors
no lead named
7.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Indigo Ag at $3.50B after the new money. The $250M bought investors about 7.1% of the company. It came 9 months after Indigo Ag's Series D. It is 21% of the $1.16B Indigo Ag has raised in the venture rounds on record. Indigo Ag raised again 23 months later: a Series F round of $360M in Aug 2020, 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 6 Dec 2017, led by Investment Corporation of Dubai $203M
- Series E this round 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
4 firms took part; no lead investor was named.
Investors
- Baillie Gifford new investor
- Investment Corporation of Dubai new investor
- backs 4 venture-backed companies new investor
- Flagship Pioneering new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Chemicals, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 19 Sep 2017 | $36M | not disclosed | Inventus Capital |
| Tech Companies | 19 Sep 2018 | $37M | not disclosed | Candy Ventures and Qualcomm Ventures |
| Tech Companies | 29 Aug 2018 | $94M | not disclosed | not named |
| Video and Audio Production | 19 Oct 2018 | $35M | not disclosed | Goldman Sachs Growth Equity |
| Automobile Dealers & Manufacturers | 4 Oct 2018 | $30M | not disclosed | Joe Hirao Family Office and Joe Hirao |
| Plastics Products | 17 Aug 2018 | $15M | $596M | not named |
| Neo4j Tech Companies | 1 Nov 2018 | $80M | not disclosed | One Peak and Morgan Stanley |
| Bluevine Banks & ATMs | 31 Jul 2018 | $72M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Indigo Ag raise in its Series E round?
Indigo Ag raised $250M in its Series E round, announced in Sep 2018.
Which investors took part in Indigo Ag's Series E round?
Baillie Gifford, Investment Corporation of Dubai, Alaska Permanent Fund Corporation and Flagship Pioneering.
What was Indigo Ag's valuation at the Series E round?
$3.50B post-money ($3.25B pre-money).
Did Indigo Ag raise again after this round?
Yes: a Series F round in Aug 2020 of $360M at $3.50B post-money.