Hi Fidelity Genetics
Latest round
- Series A
Last raised
- Dec 2018
Total raised
- $8.5M
Investors
- 7
About Hi Fidelity Genetics
Hi Fidelity Genetics LLC focuses on developing and supplying non-GMO seed varieties. Founded by Philip Benfey and Spencer Maughan, the company is headquartered in Durham, US.Hi Fidelity Genetics specializes in providing verified non-GMO corn and soybean seeds, aiming to address the financial pressures faced by farmers due to high costs associated with corporate seed suppliers. Their core offerings include a diverse range of corn varieties such as HFG 83, HFG 95, HFG 97, HFG 105, HFG 108, HFG 111, HFG 113, and HFG 114, along with various bean varieties. These products are designed to enhance agricultural productivity while significantly reducing seed costs, serving primarily farmers looking for cost-effective solutions to maximize yields. Hi Fidelity Genetics targets customers in various agricultural markets across the United States, focusing on regions that have been heavily impacted by rising input costs and seeking sustainable farming practices.Hi Fidelity Genetics generates revenue through direct sales of its non-GMO seed varieties to farmers, with a business model that facilitates transactions without any minimum order quantities or hidden fees. The company operates on a straightforward pricing structure where farmers can purchase seeds directly, streamlining the purchasing process and improving customer satisfaction. Although specific pricing for their products is not disclosed, the focus on cutting seed costs in half positions their offerings as economically competitive in the market. The firm’s revenue model emphasizes building relationships with agricultural producers, enabling them to achieve better profit margins by providing high-quality seeds that contribute to improved yields and overall farm profitability. The company plans to introduce additional corn and soybean varieties tailored to the needs of farmers in the US by the end of 2023. Furthermore, Hi Fidelity Genetics aims to expand into new agricultural markets, specifically targeting regions in the Midwest and Southeast US, enhancing their geographic reach by 2024.
Who invested in Hi Fidelity Genetics
7 investors across 1 round
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Funding rounds
Series A
Dec 13, 2018
Amount
$8.5M
Investors
Questions about Hi Fidelity Genetics
Who invested in Hi Fidelity Genetics?
Hi Fidelity Genetics has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hi Fidelity Genetics raised?
Hi Fidelity Genetics has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hi Fidelity Genetics last raise money?
Hi Fidelity Genetics's most recent round on record is a Series A, in Dec 2018.
What does Hi Fidelity Genetics do?
Hi Fidelity Genetics LLC focuses on developing and supplying non-GMO seed varieties.
Where is Hi Fidelity Genetics headquartered?
Hi Fidelity Genetics is headquartered in Durham, US.
Which VCs invest in companies like Hi Fidelity Genetics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back agribusiness companies at Hi Fidelity Genetics's stage. Their profiles are linked below.
VCs backing agribusiness startups at Series A
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