Venture Capital: AgTech Startup Benson Hill Lands $150M

https://dailyalts.com/wp-content/uploads/2020/10/light-switch-field-bensonhill.jpg

Benson Hill uses biotechnology and data science to enhance the nutritional qualities and sustainability of crops.

Benson Hill, an agtech startup based in St. Louis, announced Thursday its close of a $150 million Series D round led by Wheatsheaf and GV (formerly Google Ventures).

The company said other strategic and ESG focused investors also participated. These included Argonautic Ventures, Caisse de dépôt et placement du Québec (CDPQ), Emart, GS Group, Louis Dreyfus Company, iSelect Fund, Fall Line Capital, Mercury Fund, Prelude Ventures, Prolog Ventures, S2G Ventures, and additional strategic and family office investors.  (FOOD navigator-USA.com)

Benson Hill technology

Benson Hill uses biotechnology, data science, and AI to enhance the nutritional qualities, flavor, and sustainability of crops and vegetables.

The firm’s “Cloud Biology” is the fusion of data, machine learning, and AI techniques with biology. Its “CropOS” is a proprietary platform that facilitates the accessibility and actionability of Cloud Biology.

The CropOs platform uses plant phenotyping, predictive breeding, and environmental modeling algorithms to better control the plant breeding process and realize these advantages:

  • Produces plants that are highly productive, highly nutritious, and better tasting
  • Better texture
  • Reduce the number of processing steps
  • Reduce the need for additives
  • Grow plants that “do more with less,” thus boosting sustainability

The company’s work so far has been concentrated around soybeans.

Its new, ultra-high-protein (UHP) soy products spiked the interest of investors. They come from a highly productive non-GMO soybean that is rich in oleic oil content.

Use of funds

Benson Hill plans the commercial launch of the first Ultra-High Protein soybean varieties in 2021, among other product launches.

It also plans to expand its team by adding top talent and continue the development of Cloud Biology and CropOS.

“As a society, we’re at a crossroads made more evident as the pandemic has revealed strengths and vulnerabilities in our food system,” said Matt Crisp, Benson Hill CEO. “Food choices that create enjoyment, make us stronger, and help preserve our environment need to be accessible to everyone, and the power of plant diversity and technology innovation can help fuel that evolution.

Related Story:   Smart Farm Technology To Take The Drudge Out of Plant Breeding

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/12/cryptocurrency-3409656_640.jpg
Digital Assets: HAIC I, The New Crypto Fund From A German Private Bank Targets Institutions
December 4, 2020     Digital Assets, News

German private bank Hauck & Aufhäuser Privatbankiers AG will soon provide investors the opportunity to obtain long-term exposure to leading, large-cap cryptocurrencies such as bitcoin, ether, and stellar. The bank’s…

https://dailyalts.com/wp-content/uploads/2020/12/social.png
FinTech: Stripe’s New ‘Treasury’ Product Offers Bank Accounts To Its Platform Partners
December 4, 2020     FinTech, News

Stripe launches Stripe Treasury in major expansion of financial services offering for platform partners

https://dailyalts.com/wp-content/uploads/2020/12/EM-Environment-Combined.jpg
Alternative Investments/ESG: Fidelity Launches ETF Focused On Sustainable Emerging Market Companies

Joyce Chang, chair of global research at JPMorgan, told CNBC’s “Street Signs Asia” on Thursday that stocks in emerging markets “were very under-owned” considering the overall rally in the equity…

https://dailyalts.com/wp-content/uploads/2020/12/Space-Perspective_Capsule_High-Alt_291019-sharp-Bahamas-scaled.jpg
Venture Capital: Space Perspective Scores $7M For Its Sub-Orbital Balloon Junkets
December 4, 2020     Latest News, News, Venture Capital

Space Perspective is a startup planning to offer high-altitude (read: “edge of space”) trips in Spaceship Neptune, a pressurized capsule suspended from a balloon. It announced Wednesday its raise of…