Temasek backs $70m funding round for US agri startup Pivot Bio

Temasek backs $70m funding round for US agri startup Pivot Bio

Singapore-based global investment firm Temasek has joined the $70-million Series B funding round for US agriculture startup Pivot Bio. The round was led by billionaires-backed Breakthrough Energy Ventures.

Following the capital infusion, the startup will launch Pivot Bio PROVEN, which it claims are the first and only nitrogen-producing microbes in the US. The new funding will also support expanded research and development for the company’s second-generation product, a seed treatment option, as well as overseas expansion.

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