Indigo Ag, the Cambridge-based agriculture-technology startup that uses microbiology research to help farmers replace chemicals and fertilizers and increase crop yield, has closed a $200 million funding round, which it said Monday would help it reach positive cash flow by the end of the year.
The round consists of $175 million in convertible equity and $25 million in debt and brings the startup’s total capital raised to about $850 million. FedEx and Pacific Western Bank joined existing investors in the round.
Indigo Ag said in a press release that funding would go toward the global growth of Indigo Grain Marketplace, an e-commerce platform that connects farmers directly with buyers of their crops, which launched publicly in September 2018.
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