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Pivot Bio Raises $430 Million To Replace Synthetic Fertilizers In Agriculture

Pivot Bio Raises $430 Million To Replace Synthetic Fertilizers In Agriculture

07/19/21, 11:49 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgberkeley
Money raised
$430 million
Pivot Bio, the leading nitrogen innovator in agriculture, announced today the close of a $430 million Series D funding led by DCVC and Temasek, bringing the total equity raised to more than $600 million. The funding will fuel the company's accelerating release of disruptive products focused on replacing the $60 billion of synthetic nitrogen fertilizer sold each year just to sustain corn, wheat, and rice. Synthetic nitrogen fertilizer supports the demands of today's global food system. But it is inefficient, expensive for farmers, contributes to seven percent of global greenhouse gas emissions, depletes soils, and harms water supplies and fisheries – synthetic nitrogen is no longer a viable solution for farmers and food security.

Company Info

Company
Pivot Bio
Location
berkeley, california, united states
Additional Info
At Pivot Bio, we believe in meeting the needs of the present without compromising the needs of future generations. Our unparalleled understanding of the crop microbiome will help create a future with cleaner water and air. We are dedicated to providing farmers with solutions that enable them to grow high-quality, environmentally-responsible and sustainably focused crops to help feed families worldwide. For more information, visit www.pivotbio.com and follow @pivotbio on Twitter. For press materials, visit https://www.pivotbio.com/presskit. Contact:Tracy WillitsVP-CommunicationsPivot Bio515-202-7714[email protected] SOURCE Pivot Bio