Inari has completed a $144m fundraise driven by the performance of its first-generation products and progress toward commercialisation.
With cumulative equity reaching more than $720m, the company said the new capital paves the way for long-term growth.
The company develops seeds through a combination of AI-powered predictive design and a multiplex gene editing toolbox, which the company said is ‘unlocking the full potential of seed to bring step-change soybean, corn and wheat products to market.’
“This round of funding underscores investors’ steadfast confidence in our business and ability to bring truly impactful solutions to market,” said Inari CEO Ponsi Trivisvavet.
“Inari is poised to redefine the seed technology landscape as we work to empower the industry with high-performing products on a global scale. In being a true business partner with seed companies, we aim to achieve our vision of a sustainable food system by designing seeds that support a thriving planet, food security and farmer well-being.”
The fundraise attracted support from new investors, who represented most of the capital raised in the round – including a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and a large financial investor collaborating on forthcoming agriculture projects. Existing investors including Hanwha Impact, NGS Super, the State of Michigan Retirement System and company founder Flagship Pioneering also contributed.
