Monsanto-backed Pivot Bio has now raised a total of almost $87m and will use the latest funding to develop its second crop nutrition product.
Pivot Bio, a US-based agricultural technology developer backed by agribusiness Monsanto, completed a $70m series B round led by energy technology investment fund Breakthrough Energy Ventures (BEV) yesterday.
BEV was joined by Singaporean government-owned investment firm Temasek. Cooper Rinzler, a member of Breakthrough Energy, will join Pivot Bio’s board of directors along with Temasek director Dheeraj Mehta.
Pivot Bio has created a microbe that is applied to crop furrows while corn is being planted to aid crop nutrition by ensuring…
