[19 September/Bloomberg]

Bacteria based agriculture startup, Indigo Ag Inc, raised USD250 million from investors which brought its funding total to over USD650 million. Major investors in the round included Ballie Gifford, the Investment Corporation of Dubai, and the Alaska Permanent Fund. Indigo CEO, David Perry, said if you ranked the largest industries in the world, agriculture was third, fourth or fifth. He added it was the last big industry to be impacted by new technologies and new business models. Indigo used microbes to improve agricultural output. Its coatings boosted cotton yields by 14 percent on average. It planned to use the funding to expand its digital grain marketplace. It would also fuel its other businesses by providing information about crop performance.