CoverCress Inc. is a biotechnology startup with a vision encapsulated in its slogan: "Solving some of the world's most challenging problems through sustainable advancements in agriculture." Founded in 2013, the company has devoted over 9 years to extensive research and development efforts. CoverCress Inc. is on the brink of a breakthrough with its new winter oilseed crop, poised to revolutionize the production of biofuels like renewable diesel. This innovative crop not only taps into the burgeoning biofuel market but also offers farmers a novel revenue stream, leveraging existing farmland and equipment. Additionally, it delivers soil health benefits akin to a cover crop, showcasing a holistic approach to sustainable agriculture. The company has attracted notable attention, securing a substantial $26.00M Series C investment on April 26, 2022, from key players in the industry such as Bunge Ventures and Chevron. CoverCress Inc.'s strategic focus on Biotechnology, Industrial, Nutrition, Renewable Energy, and Oil and Gas reflects its commitment to addressing multifaceted challenges. With a limited demonstration slated for the Fall of 2023 in select Midwest geographies, CoverCress Inc. is heralding a promising era in sustainable agriculture. To learn more about this emerging seed technology, visit their website at www.covercress.com.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | $26.00M | 2 | Chevron | 26 Apr 2022 |
Series B | $8.00M | 3 | REG Ventures | 24 Mar 2021 |
Venture Round | $5.00M | 5 | 13 Apr 2020 | |
Venture Round | $2.00M | 7 | BioSTL | 13 Nov 2018 |
Venture Round | $2.40M | 10 | St. Louis County Port Authority, Michael Roth | 22 Mar 2017 |
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