CoverCress - About the company
CoverCress is an acquired company based in St. Louis (United States), founded in 2013. It operates as a Developer of sustainable agriculture technology for farm profitability and promoting renewable energy. CoverCress has raised $48M in funding from investors like Chevron, Bunge and Monsanto. The company has 586 active competitors, including 97 funded and 80 that have exited. Its top competitors include companies like Syngenta, Advanta and Limagrain.
Company Details
Developer of sustainable agriculture technology for farm profitability and promoting renewable energy. It revolutionizes winter cropping, empowering farmers to balance sustainability and profitability, enhancing long-term land health. It offers a solution to utilize idle winter fields, turning downtime into a productive season with a third cash crop. The crop integrates into existing operations, supporting economic and sustainability goals, contributing to renewable energy efforts and responsible agricultural practices. The company provides a low-risk, hassle-free solution with seamless integration, and a guaranteed end-market. They use dedicated partnerships to ensure direct grain pickup, providing a reliable end market for farmers and enabling participation in regenerative agriculture programs.
- Website
- www.covercress.com/
- Email ID
- *****@covercress.com
- Registered Address
- 1209 ORANGE STREET
Key Metrics
Founded Year
2013
Location
St. Louis, United States
Stage
Acquired
Total Funding
$48M in 8 rounds
Latest Funding Round
Ranked
41st among 586 active competitors
Employee Count
41 as on Aug 31, 2026
Exit Details
Acquired by Bayer (Aug 01, 2022)
Legal entities associated with CoverCress
CoverCress is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
COVERCRESS INC. CIN: 5731617 , United States, Active | Apr 20, 2015 | - | 37 (As on Dec 31, 2024) | - |
CoverCress's acquisition details
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CoverCress's funding and investors
CoverCress has raised a total funding of $48M over 8 rounds. Its first funding round was on May 11, 2015. Its latest funding round was a Series C round on Apr 26, 2022 for $*****. 2 investors participated in its latest round. CoverCress has 16 institutional investors.
Here is the list of recent funding rounds of CoverCress:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 26, 2022 | 1442137 | Series C | 1113785 | 9424157 | 1073876 | 6794444 |
Sep 30, 2021 | 1315348 | Grant (prize money) | 5447922 | 5825526 | 8155588 | |
Apr 01, 2021 | 5413736 | Grant (prize money) | 3047008 | 7337083 | 8538108 |
View details of CoverCress's funding rounds and investors
CoverCress' founders and board of directors
Founder? Claim ProfileCoverCress' employee count trend
CoverCress has 41 employees as of Aug 26. Here is CoverCress's employee count trend over the years:
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CoverCress's Competitors and alternates
Top competitors of CoverCress include Syngenta, Advanta and Limagrain. Here is the list of Top 10 competitors of CoverCress, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Syngenta 2000, Basel (Switzerland), Acquired | Developer of technologies and sustainable farming practices for farmers | - | 75/100 | |
2nd | Advanta 1989, Dubai (United Arab Emirates), Public | Developer of high-nutrition crops for sustainable agriculture | $400M | 72/100 | |
3rd | Provider of field seeds, vegetable seeds, and agri-food chain products | $200M | 69/100 | ||
4th | Tropic Biosciences 2016, Norwich (United Kingdom), Series C | Developer of gene editing technologies for improved tropical crop production | $179M | 68/100 | |
5th | Provider of research, production, processing, and marketing of agricultural seeds | $29M | 67/100 | ||
6th | Provider of seeds for forage, agriculture, sport, lawn, and garden | $54K | 63/100 | ||
7th | Inari 2016, Cambridge (United States), Series G | Developer of technology to improve crop breeding and seed production | $708M | 63/100 | |
8th | Phylos Bioscience 2014, Portland (United States), Series B | Developer of cannabis F1 hybrid seeds and natural THC products | $31.2M | 60/100 | |
9th | Computomics 2012, Tubingen (Germany), Series B | Provider of data analysis services for next-generation sequencing data for the crop science industry | $7.85M | 60/100 | |
10th | Solynta 2007, Wageningen (Netherlands), Acquired | Developer of hybrid breeding technology for disease-resistant and nutritious potato varieties | $43.9M | 60/100 | |
41st | CoverCress 2013, St. Louis (United States), Acquired | Developer of sustainable agriculture technology for farm profitability and promoting renewable energy | $48M | 48/100 |
Looking for more details on CoverCress's competitors? Click here to see the top ones
CoverCress's Investments and acquisitions
CoverCress has made no investments or acquisitions yet.
Reports related to CoverCress
Here is the latest report on CoverCress's sector:
News related to CoverCress
•
Chevron’s Acquisition of an Ownership Interest in CoverCressGlobal Legal Chronicle•Sep 06, 2022•Chevron, CoverCress
•
Bayer Creates Exit Opportunity, Acquires Majority Stake in Lower Carbon Oilseed Producer CoverCressGlobal AgInvesting•Aug 04, 2022•CoverCress, Bayer, Chevron
•
Bunge and CoverCress Inc. Announce Commercial Partnership to Meet Growing Demand for Renewable Fuel FeedstocksBusiness Wire•Apr 27, 2022•Bunge, CoverCress
•
BioGenerator portfolio company CoverCress draw new investments from Bunge, ChevronBioGenerator•Apr 26, 2022•CoverCress
•
CoverCress’s US$8 Million Series B-1 Preferred Stock Investment RoundGlobal Legal Chronicle•Apr 13, 2021•Hogan Lovells, Bunge, CoverCress, Renewable Energy Group
•
CoverCress scores $8M investment led by Bunge Ventures and including REG VenturesBiofuels Digest•Mar 25, 2021•CoverCress, Bunge, Renewable Energy Group
•
•
Covercress Inc. And University Partners Selected As Start-up Inventor Of The YeaBiofuels Digest•Jan 17, 2021•CoverCress
•
Till, Baby, Till – $13M DOE grant advances new high-value feedstock, pennycressBiofuels Digest•Aug 24, 2020•CoverCress
•
CoverCress scores $5M follow-on equity investmentBiofuels Digest•Apr 13, 2020•CoverCress, Fulcrum Global Capital, Prelude Ventures, Leaps by Bayer and 2 others
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