CAMBRIDGE, MA, Inari, the SEEDesign company, today announced the completion of a $144 million fundraise fueled by the performance of its first-generation products and progress toward commercialization.
With cumulative equity raised of more than $720 million, the new capital underpins the leading pure-play seed technology company's financial strength and paves the way for long-term growth.
The fundraise attracted significant 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.
Inari, the SEEDesign company, develops seeds that address the world's needs, pushing the boundaries of what is possible for a more sustainable, nature-positive food system. Through a combination of AI-powered predictive design and a pioneered multiplex gene editing toolbox, the company is unlocking the full potential of seed to bring step-change soybean, corn and wheat products to market.
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