Benson Hill Biosystems closed a $60 million series C venture funding deal on September 10, 2018. Participants in the deal include Alexandria Venture Investments, Activant Capital Group, S2G Ventures (Seed 2 Growth), Mercury Fund, iSelect Fund, Lewis and Clark Ventures, Prolog Ventures, Prelude Ventures, Tao Capital, and Fall Line Capital.
The funding will be used to further advance CropOS™ and expand product development capacity to deliver a portfolio of improved crops for companies across the food and agriculture chain. The CropOS™ computational platform and suite of tools are intended to leverage genetic plant diversity to improve sustainability, nutrition, and flavor profiles of of crops.
Benson Hill Biosystems, based in St. Louis, was founded in 2012 by co-founders Matthew Crisp and Daniel Watkins, Ph.D. The company’s plant biology, analytics, and cloud computing platform is designed to discover traits that will improve crop yields.
Sanjeev Krishnan, Managing Director at S2G Ventures said in a press release, “Consumer demand for healthier and more sustainable food choices creates opportunity across many crops and ingredients, and plant genomics is a proven lever that has been severely underutilized in most crops. Benson Hill delivers the full suite of solutions a company needs to create differentiated products and capture this growing market, whether they are a seed company, food manufacturer or food retailer.”