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Provider of crop nutrition product for farmers designed to replace synthetic nitrogen fertilizer

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Provider of crop nutrition product for farmers designed to replace synthetic nitrogen fertilizer. The company develops crops that can capture and metabolize nitrogen from the atmosphere, reducing the need for petrochemical fertilizers, enabling farmers to reduce the cost of farming and improve the health .

Year Founded
2010
Employees
33
General Information
  • Website

    http://pivotbio.com

  • Business Status

    Generating Revenue

  • Ownership Status

    Privately Held (backing)

  • Financing Status

    Venture Capital-Backed

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The company raised an estimated $70 million of Series B venture funding from lead investor Breakthrough Energy Ventures on September 26, 2018, putting the company's pre-money valuation at $130 million. Temasek Holdings and Tekfen Ventures also participated. The company intends to use the funds to strengthen the commercial launch of nitrogen-producing microbes for U.S. corn farmers, conduct research and development activities for its second-generation product, a seed treatment option, as well as introduce products beyond the U.S. in markets such as Brazil, Argentina and Canada.

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  • HQ Address Line 1
    2929 7th Street
  • HQ Address Line 2
    Suite 120
  • HQ City
    Berkeley
  • HQ State/Province
    California
  • HQ Post Code
    94710
  • HQ Country
    United States
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