Covercress
Company

Last deal

$26M

Amount

Series C

Stage

26.04.2022

Date

3

all rounds

$45.9M

Total amount

date founded

Financing round

General

About Company
Covercress is a biotech company that manufactures an oilseed crop for food, bioenergy, and cattle feed.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Arvegen, CoverCress, Arvegenix

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

Covercress specializes in the research and development of renewable fuel and livestock feed. Founded in 2013, the company focuses on producing an oilseed crop that can be used for food, bioenergy, and cattle feed. Their expertise lies in the fields of agriculture, biotechnology, plants, genetics, cover crop, and precision agriculture. Through sustainable agricultural techniques, Covercress helps farmers maximize their yield while minimizing input and carbon emissions. After years of research, they are introducing a new winter oilseed crop that serves as a crucial feedstock for biofuels like renewable diesel. This crop not only provides farmers with a new revenue opportunity but also offers soil health benefits similar to a cover crop. Covercress plans to conduct a limited demonstration in the Fall of 2022 in select Midwest regions. To learn more about this emerging seed technology, visit their website at www.covercress.com.
Contacts

Contact Email

Social url

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M&A Details
1

Acquired by

Bayer CropScience

announced date

01.08.2022

Financials

Funding Rounds
6
3

Number of Funding Rounds

$45.9M

Money Raised

Their latest funding was raised on 26.04.2022. Their latest investor Bunge Ventures. Their latest round Series C

Date 
Funding Round 
Investors 
Money Raised 
Lead 

Bunge Ventures

Bunge Ventures is the investment division of Bunge Ltd.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital

count Of Investments

17

count Of Exists

1
Fulcrum Global Capital

Fulcrum Global Capital

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Open End and Miscellaneous Investment Vehicles

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Open End and Miscellaneous Investment Vehicles

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Mound City, KS, USA

count Of Investments

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count Of Exists

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Co-Investors
Investors
19
5

Number of lead investors

19

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Series B, Series C
No
Venture - Series Unknown
No
Venture - Series Unknown

Bunge Ventures

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Sector

Investment Banking and Brokerage Services

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Asset Managers and Custodians

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Venture Capital

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17

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count Of Investments

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count Of Exists

7

People

Founders
2
Tim Ulmasov
Tim Ulmasov

Tim Ulmasov

Former Monsanto and professor at University of Missouri. 30 years experience in biotechnology, oil and product development.

current job

Covercress
Covercress

organization founded

1

Tim Ulmasov

Jerry Steiner
Jerry Steiner

Jerry Steiner

33 years of agricultural and life science experience. Jerry spent most of his career with Monsanto in a variety of roles including crops marketing/sales, animal ag, strategy, global commercialization, public policy, public acceptance for biotechnology; and governmental and industry affairs. Jerry was Executive VP reporting to the Monsanto CEO and a member of the Executive Team. In 2000-01 he worked for Celera Genomics, the human genome and ag genome company, as Executive VP Genomic Services. Jerry is a graduate of the University of Wisconsin, Madison and has an MBA from Washington University, St. Louis.

current job

Covercress
Covercress

organization founded

1

Jerry Steiner

Employee Profiles
4
Tim Ulmasov

Tim Ulmasov

CTO

Jerry Steiner

Jerry Steiner

CEO

Graeme Grant

Graeme Grant

CEO

Dennis Plummer

Dennis Plummer

Investor and Co-Founder

Activity

Recent News
0