CoverCress
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.5m | Series A | ||
$2.4m Valuation: $12.5m | Early VC | ||
$2.0m Valuation: $12.5m | Early VC | ||
* | $5.0m | Series B | |
$8.0m | Series B | ||
* | $26.0m | Series C | |
* | N/A | Acquisition | |
Total Funding | CAD62.6m |
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Recent News about CoverCress
EditCoverCress Inc. specializes in producing a low carbon intensity crop derived from pennycress, designed to grow on unused land during the winter months. The company targets agricultural markets, particularly farmers who rotate between corn and soybean crops. CoverCress fits into the 30-32 million acres that annually transition from corn to soybeans, providing an additional revenue stream for farmers. The business model revolves around selling seeds and processing the harvested crop into oil for food and bioenergy, as well as high-protein meal for animal feed. Revenue is generated through the sale of these products, which are marketed as sustainable and environmentally friendly options. CoverCress not only produces a valuable oilseed crop but also helps in soil protection and carbon sequestration, making it a dual-benefit solution for modern agriculture.
Keywords: low carbon, renewable diesel, bioenergy, animal feed, winter crop, pennycress, soil protection, carbon sequestration, agricultural innovation, sustainable farming.