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Indigo’s $250M Raise Boosts Agricultural Carbon Credits Generation

Indigo Ag, the leading sustainability partner of the agriculture industry, raised +$250 million to further grow its sustainable agriculture programs and boost farmers’ revenues with carbon credits. U.S.-based Indigo Ag harnesses science and technology to help improve the sustainability and profitability of the agriculture industry. The huge fundraise signals market validation of Indigo’s strategy and confidence in its ability to scale up agribusiness successfully. The fresh funds will help the company to almost double its revenue. The funding round was led by Flagship Pioneering, an existing investor, and is participated by new investors that include Lingotto Investment Management, one of the largest diversified holding firms in Europe and one of the U.S.’ largest pension funds the State of Michigan Retirement System. Indigo is currently one of the only companies providing companies with high-quality agricultural carbon credits at scale, via its carbon farming program operating across 14 countries.Indigo’s carbon farming program provides solutions to companies looking for a market-based approach to capture and store carbon on soils. It offers a credible, nature-based climate solution for businesses. Indigo adopted a hybrid approach that combines soil sampling and modeling to help farmers generate agricultural carbon credits that meet industry quality standards. The Climate Action Reserve then verifies and issues the credits for entities committed to buying credit offsets. The credits reflect the works of farmers who opted for Indigo’s climate-friendly farming practices, which is also called regenerative farming. Common examples include planting cover crops and less soil tillage. Here is how agricultural carbon credits generation works through Indigo’s carbon farming program: how Indigo ag carbon farming program worksIndigo’s integrated business model enables actors in the agriculture supply chain to adopt and profit from their sustainability efforts. In particular, farmers working with the company can maximize their earnings by performing sustainable farming practices, each year of their rotation, while also improving soil quality. With the $250 million new capital, Indigo expects revenue to grow up to $100 million by 2024. Speaking for Ag Partners Coop, Jed Miller commented on the raise saying https://carboncredits.com/indigo-ag-250m-raise-boosts-agricultural-carbon-credits-generation/

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  • We Don't Have Time

    37 w

    Dear johnte ndeto Your climate love has received over 50 agrees! We have reached out to IndiGo by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

    • George Kariuki

      38 w

      This is a significant development in the field of sustainable agriculture and carbon credits generation.

      1
      • Saustine Lusanzu

        38 w

        Congratulations to Indigo's

        3
        • winnie nguru

          38 w

          Very inspiring

          8
          • Gorffly mokua

            38 w

            This will greatly contribute to the global efforts to combat climate change.👏💚

            9
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