4 years ago

Pivot Bio Raises $430 Million to Replace Synthetic Fertilizers

  • Pivot Bio, a Berkeley, California-based agricultural technology startup, has raised $430 million in a Series E funding round led by venture firm DCVC and Singapore’s Temasek Holdings

  • The new investment brings the company's total funding to over $600 million and its valuation to nearly $2 billion

  • Pivot Bio develops microbial products that can replace synthetic fertilizers on corn and wheat, reducing the environmental impact of agriculture

  • The company's products have been used on over one million acres of crops and are expected to be used on a much larger scale in the future.

      • ProblemAgriculture

      "Synthetic fertilizers, while essential for crop growth, harm the environment by releasing harmful greenhouse gases and polluting waterways."

      Solution

      "Pivot Bio develops microbial products that replace synthetic fertilizers. These microbes attach to crop roots and produce nitrogen on-demand, providing a sustainable and eco-friendly alternative to traditional fertilizers."

      Covered on