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Ag Innovations Showcase alum gets hefty investment
Success at the Ag Innovation Showcase is measured by investments in budding ag tech companies. One Showcase alumnus, Matt Crisp, the co-founder of the crop protection company Benson Hill, first pitched to potential investors at the 2012 Showcase but announced an additional infusion of cash at the event Monday.
“It’s $60 million,” Crisp told Brownfield Ag News. The investment comes from GV, formerly Google Ventures, that Crisp thinks responded to Benson Hill’s technology of making plants more sustainable for farmers and more nutritious for consumers.
“I think they understand the role that Benson Hill can play in that ecosystem,” said Crisp, “and how we have really built an organization that maybe for the first time is equipped with a full stack of technology that can improve crops to benefit both the farmers and the consumers.”
Benson Hill’s revenue stream is currently from technology licensing. Crisp says getting an actual product to market will take another two to four years.
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