Inari Raises $124 Million at a $1.5 Billion Valuation

Inari is a seed technology startup that designs and makes seeds to withstand climate change consequences. It is a biotechnology company that aims at agriculture transformation and its impact on the environment and society. Inari uses diversity in every aspect of the business to foster innovations and building of a new food ecosystem.

Among the Series E funding round investors are Canada Pension Plan Investment Board (CPP Investments) and company founder Flagship Pioneering. On behalf of their customers, Hanwha Impact Partners, NGS Super, and Banque Pictet also participated in the round, as well as Sage Hill Investors. Money raised will be used to advance its seed designs and accelerate new products in corn, wheat seeds, and soybean, moreover, to help expand greenhouses and prepare for commercialization.

Inari, New England, USA, was founded by David Berry, Ignacio Martinez, and Laura Lande-Diner in 2016. “Land, water, and nitrogen fertilizer are pretty heavy resources, and if we want to address the challenge of sustainability, we have to work on these three things,” Ponsi Trivisvavet, CEO of Inari. Additionally, to the recent fundraising, Inari also entered into a refinanced and upsized loan agreement with K2 HealthVentures, a healthcare-focused specialty finance company.

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