12/27/2023 0 Comments Indigo in agriculture![]() “The RTP office is focused on addressing biotic stresses in agriculture, such as pests and disease stress, which affect global growers,” said Allie Evarts, Indigo’s PR spokesperson, in an interview with NCBiotech. RTP workers specializing in battling biotic stresses It is working to build out new Indigo RTP labs, approximately 24,000 square feet of greenhouses, labs and offices, which it expects to occupy by November. Indigo employs more than 350 people, including 15 at its temporary RTP office and lab space on Laboratory Drive. The company, founded in 2014, spun out of Cambridge, Massachusetts-based Flagship Pioneering, was valued at $1.4 billion when it raised more than $200 million from UK-based Baillie Gifford and Dubai-based Activant Capital in 2017. Indigo’s Marketplace enables buyers who want differentiated grain to buy it directly from the growers who produce it, and reduces the supply chain costs for the whole industry.” “Directly connecting growers and buyers is a critical step toward a food system that is responsive to the voices of consumers," Indigo CEO David Perry said. "As long as farmers are producing a commodity, they have little economic incentive to produce crops of higher quality or produce them more sustainably. The company says that in its first three and a half months prior to its official launch, Marketplace already has seen significant traction, with thousands of growers and buyers on the platform. It provides farmers a way to get better prices by differentiating their crops, so buyers can choose those with specific characteristics, such as organic certification, protein content, or milling quality. Marketplace is a digital platform that allows farmers selling grain to interact with buyers. The new funding, which includes new and existing investors, brings the company’s total financing to more than $650 million. Boston-based Indigo Agriculture, which has an expanding facility in Research Triangle Park, has launched an online grain sales platform called MarketPlace that is supported by the closing of a $250 million Series E round of financing.
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