Sound Agriculture Raises $75 Million Series D To Advance Climate-Smart Agriculture And Sustainable Food Production
Dec 07, 2022•about 3 years ago
Amount Raised
$75 Million
Round Type
series d
Investors
Northpond VenturesCavallo VenturesFall Line CapitalS2 G VenturesBayer, Syngenta Group VenturesBmo Impact Investment Fund
Description
Sound Agriculture, a leading agtech company improving how we farm and what we eat, announced a $75 million Series D equity investment, led by new investors BMO Impact Investment Fund and Chan Zuckerberg Initiative, along with FootPrint Coalition and returning investors Leaps by Bayer, Syngenta Group Ventures, S2G Ventures, Fall Line Capital, Cavallo Ventures and Northpond Ventures. Since its founding in 2013, the company has raised a total of $155 million to develop nature-based solutions for sustainable food production, replacing up to 30% of climate damaging synthetic fertilizer and breeding tastier, healthier and more sustainable crops.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech