CoverCress
Latest round
- Series C
Last raised
- Apr 2022
Total raised
- $29M
Investors
- 12
About CoverCress
CoverCress Inc.Founded in 2013 and headquartered in St. Louis, US, CoverCress Inc. focuses on developing CoverCress®, a winter oilseed crop that adds diversity to cash crop rotations. The company has undergone strategic developments, culminating in a recent investment by Bayer AG, which acquired a 65% majority stake in August 2022.602 mn.CoverCress Inc. (CCI) specializes in innovative agricultural solutions centered around its flagship product, CoverCress®, a winter crop designed to enhance farm profitability and sustainability. This oilseed crop allows farmers to diversify their cash crop rotations by providing a third cash crop within a two-year period, effectively turning idle winter fields into productive assets. The product addresses key agricultural challenges such as soil erosion, nutrient loss, and underutilization of land during winter months.CoverCress Inc. generates revenue through structured agreements with farmers, who plant the CoverCress® crop under guaranteed market contracts facilitated by CCI's offtake agreements. This approach simplifies the profitability for farmers by eliminating upfront costs and providing a reliable end-market for the harvested grain. The transactions typically involve a B2B model where CCI collaborates directly with farmers and end-users such as biofuel customers and animal feed additive producers. Farmers receive support throughout the cropping process, from seeding to harvest, and logistics partners manage grain pickup, ensuring a seamless operation.CoverCress Inc. aims to expand its market presence and product offerings significantly in the coming years. The company is actively designing new agricultural products to cater to evolving market needs, although specific release dates have not been disclosed. Geographically, CCI plans to penetrate additional regions within the Midwest and explore opportunities in the broader US market by 2024.
Who invested in CoverCress
12 investors across 2 rounds
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Questions about CoverCress
Who invested in CoverCress?
CoverCress has 12 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CoverCress raised?
CoverCress has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CoverCress last raise money?
CoverCress's most recent round on record is a Series C, in Apr 2022.
What does CoverCress do?
CoverCress is a agribusiness company.
Where is CoverCress headquartered?
CoverCress is headquartered in St. Louis, US.
Which VCs invest in companies like CoverCress?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back agribusiness companies at CoverCress's stage. Their profiles are linked below.
VCs backing agribusiness startups at Series C
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