Funding round
Indigo Ag Series F
Indigo Ag, which works in sustainable agriculture solutions in Boston, raised $360M in a Series F round announced on 4 Aug 2020, led by Alaska Permanent Fund Corporation and Flagship Pioneering, at a $3.50B post-money valuation. 2 firms took part. It is Indigo Ag's fourth venture round on record; the one before was a Series E in Sep 2018.
$360M
Amount raised
$3.50B
Post-money valuation
2
Investors
2 leads
1.0x
Step-up from the Series E
$3.50B in Sep 2018
10%
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, 1.0 times the $3.50B of its Series E (Sep 2018). The $360M bought investors about 10% of the company. It came 23 months after Indigo Ag's Series E. It is 31% of the $1.16B Indigo Ag has raised in the venture rounds on record. Indigo Ag raised again 37 months later: a Growth round of $250M in Sep 2023.
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 18 Sep 2018 $250M$3.50B post-money
- Series F this round 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 and Flagship Pioneering led the round.
Lead investors
- backs 4 venture-backed companies new investor
- Flagship Pioneering new investor
Joined the board: Stéphane Bancel (Moderna).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Farmers Business Network Farms & Agriculture Production | 3 Aug 2020 | $250M | not disclosed | BlackRock |
| BYJU'S Learning, Tutoring & Courses | 27 Aug 2020 | $122M | $10.00B | not named |
| Tech Companies | 25 Aug 2020 | $100M | $1.00B | Bain Capital Ventures and Technology Crossover Ventures |
| Learning, Tutoring & Courses | 2 Sep 2020 | $150M | $1.45B | SoftBank |
| Tech Companies | 14 Jul 2020 | $120M | $1.92B | Salesforce Ventures |
| Medical Supply Manufacturers | 18 Sep 2020 | $106M | not disclosed | General Catalyst and Drive Capital |
| Olive Tech Companies | 18 Sep 2020 | $106M | not disclosed | General Catalyst and Drive Capital |
| Seismic Tech Companies | 29 Sep 2020 | $92M | $1.60B | Permira |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Indigo Ag raise in its Series F round?
Indigo Ag raised $360M in its Series F round, announced in Aug 2020.
Who led Indigo Ag's Series F round?
Alaska Permanent Fund Corporation and Flagship Pioneering led it.
What was Indigo Ag's valuation at the Series F round?
$3.50B post-money.
Did Indigo Ag raise again after this round?
Yes: a Growth round in Sep 2023 of $250M.