Alaska Permanent Fund Invests $100M On Indigo

Cambridge, Massachusetts-based Ag-tech startup Indio just got $100M as Series C Funding led by Alaska Permanent Fund. Founded on 2014 Indigo has been dedicated to harnessing nature to help farmers sustainably feed the planet. According to Indigo “We focus on the microbes that have evolved in conjunction with plants over millions of years to optimize their health and maximize their productivity.” They also said “We strive to be a motivating place to work. We will interact with others with transparency, honesty, and integrity. We apply this principle to employees, partners, investors, regulators, farmers and consumers.”

In a short period of time Indigo become a leading Agriculture startup as we know technology has become the magic stick for revolutionizing the world in a different manner. David Perry CEO of Indigo has started due to a family history of heart disease, and he determined that there were three big food issues facing the world: “How to produce more food? How to make that food healthier and more sustainable and How to change eating behaviors.” “There has been a lot of microbial research in terms of increasing crop production, but most of it has focused on what’s in the soil,” says Perry, who believes Indigo addresses the first two of his three big food issues. “But it’s very hard to separate what’s actually helping the plant, and what’s just there. If you want to know what microbes are important to plants, look inside the plants.”

The company also have a Sub-Organization in Toronto, Ontario called ‘Rico’ a Mobile app focused on great book recommendations from friends and trusted experts. The fact behind the microbiome is true and it seems like they have an extraordinary opportunity.

INDIGO TOTAL FUNDING : $156M IN 3 ROUNDS : [ Via Venture Pulse Data ]

DateFunding Amount Funding Round Lead VC/Investor
Jul, 2016$100M Series CAlaska Permanent Fund
Feb, 2016$48.5MSeries BFlagship Ventures
Nov, 2014$7.5MSeries AFlagship Ventures