# CiBO Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cibo-technologies

- Industry: Software
- Headquarters: US
- Website: www.cibotechnologies.com
- Total disclosed funding: $37M
- Latest round: Series B (Dec 18, 2019)
- Investors on record: 3

## About

CiBO Technologies, Inc. provides innovative software solutions that enhance agricultural program management, promoting sustainability and improving financial outcomes for clients in agribusiness, food and beverage, and government sectors.Founded in 2015 in the United States, CiBO Technologies, Inc. specializes in software that streamlines agricultural program management. The company has undergone strategic growth, culminating in the raising of USD 27.00 mn during its Series C funding round on July 22, 2021, which marked the total amount raised to USD 27.00 mn. The company's current valuation stands at USD 270.43 mn. Abdul Mateen serves as CEO, furthering the company’s mission to support sustainable practices in agriculture.CiBO offers a comprehensive suite of software solutions designed to streamline agricultural program management, enhance sustainability initiatives, and improve financial and environmental outcomes for its clients. The core product is the CIBO platform, which facilitates the efficient design, deployment, qualification, quantification, verification, and reporting of sustainability programs. This platform is particularly beneficial for agribusinesses, food and beverage companies, biofuel producers, non-profit organizations, and government entities looking to enhance their sustainability practices while achieving compliance with Scope 3 emissions goals. The platform's capabilities include real-time impact measurement, acre sourcing from a network comprising over 100 million acres, and the ability to combine public and private funding effectively. CiBO's services are designed for various geographical markets, including North America and parts of Europe, where the demand for sustainable agricultural practices is growing.CiBO generates revenue through a subscription-based model, allowing clients to utilize the platform's capabilities for program management and reporting. Business transactions involve agribusinesses and other stakeholders subscribing for access to advanced features for program deployment, impact quantification, and regulatory compliance. Clients engage with the platform to source growers, calculate carbon intensity scores, and streamline reporting processes, all contributing to their sustainability objectives. The company's offerings include tiered pricing plans based on the level of services required, expanding from basic access to more comprehensive solutions that cater to larger scale operations, thereby supporting CiBO’s commitment to delivering high-quality service and impactful results for its diverse client base.Following the Series C funding round in July 2021, CiBO Technologies, Inc. plans to utilize the USD 27.00 mn raised to enhance the commercialization of its monitoring, reporting, and verification (MRV) tool for soil carbon, known as CIBO Enterprise. The company aims to expand its business reach, targeting new markets and geographic regions to foster growth. Specific plans include launching new products and enhancing existing offerings to meet the growing demands of sustainable agricultural practices across North America and Europe.

## Funding rounds

- Series B, Dec 18, 2019, $7.2M — Generation Investment Management
- Series B, Jan 1, 2019 — Generation Investment Management
- Series B, Mar 16, 2017, $30M — Flagship Pioneering, Generation Investment Management, Red Cedar Ventures

## Investors

- Flagship Pioneering (https://capitalatlas.ai/funds/flagship-pioneering) — Series B
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series B
- Red Cedar Ventures (https://capitalatlas.ai/funds/red-cedar-ventures) — Series B