The agricultural marketplace operator has completed the series F round's $360m second tranche, which followed a $175m first close featuring FedEx in January this year.
US-based agriculture marketplace operator Indigo Agriculture increased a series F round already backed by courier services provider FedEx to $535m yesterday following the close of its $360m second tranche.
The additional tranche consisted of $260m in preferred equity financing and $100m in convertible equity and came after $175m in convertible equity financing and $25m in debt financing from financial services firms including Pacific Western Bank in January this year.
FedEx, Flagship Pioneering and Alaska Permanent Fund took part in…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
