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Pivot Bio, a startup using microbes to replace synthetic fertilizer, raises $430 mln

Jane Lee of Reuters reports on Pivot Bio, a startup that is using microbes to replace synthetic fertilizer.

The C3 Take
  • By using microbes to replace synthetic fertilizers, Pivot Bio’s products are reducing the environmental footprint of certain agricultural practices.
  • Pivot Bio’s products take the microbes that occur naturally in the soil and use them to convert atmospheric nitrogen into ammonia to feed its plants.
  • The innovation of the private sector is creating a healthier environment.

“Pivot Bio’s products use microbes to create and feed nitrogen to corn and wheat crops. It said on Monday it has raised $430 million in a funding round led by Silicon Valley venture capital firm DCVC and Singapore’s Temasek Holdings (TEM.UL), bringing total funding to $600 million.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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