Crop sustainability developer Indigo Ag raises $300 million

• The Series F round total is expected to be around $500 million, including an initial $200 million announced in January (of which $175m was equity).
• Return backers include Flagship Pioneering and Alaska Permanent Fund, while Riverstone Holdings is a new investor. Fedex also participated on the initial tranche, while the post-money valuation is flat from a Series E round raised at the end of 2008.
• Indigo Ag declined comment.

The bottom line: "Indigo started with a microbe-based seed treatment in 2016 and has since evolved into an online grain marketplace, an online transport matchmaking service for that grain, a carbon market to give farmers a financial incentive for sequestering carbon with regenerative agriculture, and a data platform underscored by its acquisition of the satellite imagery business TellusLabs," writes AgFunder News.