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Earnest - About the company

Earnest is a seed company based in Champaign (United States), founded in 2018 by Eddy Mejia. It operates as a Converting agricultural waste into sustainable soil products. Earnest has raised $350K in funding from Gener8tor and IndieBio. The company has 165 active competitors, including 17 funded and 10 that have exited. Its top competitors include companies like Ginkgo Bioworks, Grow Indigo and Kan Biosys.

Company Details

Converting agricultural waste into sustainable soil products. It creates microbial products and soil amendments to support plant yields and promote environmental sustainability. It offers soil amendments, waste recycling, and microbe delivery services.
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Key Metrics
Founded Year
2018
Location
Champaign, United States
Stage
Seed
Total Funding
$350K in 2 rounds
Latest Funding Round
Investors
Ranked
Employee Count
4 as on Jul 01, 2024
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Earnest's funding and investors

Earnest has raised a total funding of $350K over 2 rounds. Its first funding round was on 2022. Its latest funding round was a Seed round on Dec 23, 2023 for $*****. 1 investor participated in its latest round. Earnest has 4 institutional investors.

Here is the list of recent funding rounds of Earnest:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Dec 23, 2023
5568344
Seed
9680096
5246710
4156076
9872476
2022
9137
Seed
8741
5534
1849
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Earnest's founders and board of directors

Founder? Claim Profile
The founders of Earnest is Eddy Mejia.
Here are the details of Earnest's key team members:

Earnest's employee count trend

Earnest has 4 employees as of Jul 24. Here is Earnest's employee count trend over the years:
Employee count trend for Earnest
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Earnest's Competitors and alternates

Top competitors of Earnest include Ginkgo Bioworks, Grow Indigo and Kan Biosys. Here is the list of Top 10 competitors of Earnest, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Ginkgo Bioworks
Ginkgo Bioworks
2008, Boston (United States), Public
Autonomous labs for biotechnology, empowering scientists to design the living world
$796M
72/100
2nd
Logo for Grow Indigo
Grow Indigo
2018, Mumbai (India), Series B
Provider of biological products and carbon solutions for sustainable agriculture
$24M
59/100
3rd
Logo for Kan Biosys
Kan Biosys
2005, Pune (India), Seed
Provider of microbes-based diversified crop biological solutions
$1.02M
52/100
4th
Logo for Lavie Bio
Lavie Bio
2019, Ness Ziona (Israel), Acquired
Biotechnology firm focused on agricultural innovation and technology
$10M
49/100
5th
Logo for CroBio
CroBio
2019, Wilmington (United States), Seed
Provider of digital agricultural solutions
$1.55M
47/100
6th
Logo for Bind-X
Bind-X
2011, Planegg (Germany), Series B
Biological solutions transforming dust into solid roads for sustainable mining
$11M
45/100
7th
Logo for AgroSpheres
AgroSpheres
2016, Charlottesville (United States), Series B
Bio-based solutions transforming agriculture with reliable, affordable, and non-toxic pest control
$97.5M
45/100
8th
Logo for Andes
Andes
2018, Emeryville (United States), Series A
Provider of microbe-based seed soil regeneration solutions
$38M
44/100
9th
Logo for HyveGEO
HyveGEO
2022, London (United Kingdom), Seed
Developes new materials for energy and electronics applications
-
43/100
10th
Logo for Pluton Biosciences
Pluton Biosciences
2017, St. Louis (United States), Series A
Provider of assay-based microbial research services
$24.2M
42/100
16th
Logo for Earnest
Earnest
2018, Champaign (United States), Seed
Converting agricultural waste into sustainable soil products
$350K
40/100
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Earnest's Investments and acquisitions

Earnest has made no investments or acquisitions yet.

Reports related to Earnest

Here is the latest report on Earnest's sector:

News related to Earnest

Media has covered Earnest for 1 event in last 1 year, It was about company updates.
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