附近上门

Venture

Benson Hill Lands $150M For FoodTech

a St. Louis-based foodtech company, said Thursday that it has closed a $150 million Series D funding round led by and .

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The company says it uses data science and machine-learning techniques to optimize for healthier and more sustainable food, and that the latest funding will be used to deploy its technology, expand partner development and scale product commercialization.

Other new and returning investors included , , , , , , , , , , and other strategic and family office investors.

鈥淎s a firm, we are focused on investing in innovation that delivers the right calories and nourishment for a growing global population in a less commodity-driven food system,鈥 , executive director at Wheatsheaf, said in a statement. 鈥淲e feel the culture and partners propelling Benson Hill forward will have a significant impact on the health and sustainability challenges that burden our current food system in a way that benefits society and our environment.鈥

According to recent 附近上门 reporting, startups have increasingly turned their attention to the farm, and investors are following their lead. So far in 2020, investors have sunk $4.1 billion of venture-backed dollars into 413 agriculture technology deals, and over the last five years have made $17.7 billion in investments, according to 附近上门 data.

鈥淲e are excited to contribute to the scale-up of Benson Hill鈥檚 work to advance a sustainable future of food by realizing the value creation potential of technology-enabled innovation,鈥 , head of Louis Dreyfus Company鈥檚 corporate venture capital program, LDC Innovations, said in the funding announcement. 鈥淭he power of genomics and genetic diversity is largely untapped, and we believe that the company鈥檚 technology and collaborative model unlocks efficiencies and new product differentiation for stakeholders across the value chain, from farmers to end-consumers.鈥

Photo courtesy of Benson Hill
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