Benson Hill set to accelerate more healthier and sustainable food and ingredient options
Food in Canada StaffProducts Ingredients & Additives Funding ingredients Sustainable
Benson Hill has closed a $150 million funding round to accelerate its efforts to deploy its platform technology, expand partner development across the supply chain and scale product commercialization. The company’s leading food innovation engine CropOS is aimed at developing healthier and more sustainable food and ingredient options.
The funding round attracted diverse investors recognizing the company’s strategic business model and potential to impact the health and well-being of people and the planet through advances in the food system. New and returning investors included Argonautic Ventures, Caisse de dépôt et placement du Québec (CDPQ), Emart, GS Group, Louis Dreyfus Company, iSelect Fund, Fall Line Capital, Mercury Fund, Prelude Ventures, Prolog Ventures, S2G Ventures, and additional strategic and family office investors.
Benson Hill leverages Cloud Biology®, a discipline combining the power of data science, machine learning and AI techniques with plant biology and genomics. CropOS™ is the platform that makes this discipline actionable, significantly accelerating the precision and speed of product development. Benson Hill’s technology platform and collaborations empower the creation of healthier and more sustainable feed, food and ingredient options that consumers are seeking, while also delivering strong crop performance that farmers demand.
“As a firm, we are focused on investing in innovation that delivers the right calories and nourishment for a growing global population in a less commodity-driven food system,” said Stephan Dolezalek, Executive Director at Wheatsheaf Group. “We feel the culture and partners propelling Benson Hill forward will have a significant impact on the health and sustainability challenges that burden our current food system in a way that benefits society and our environment.”
“We are excited to contribute to the scale-up of Benson Hill’s work to advance a sustainable future of food by realizing the value creation potential of technology-enabled innovation,” said Max Clegg, Head of Louis Dreyfus Company’s corporate venture capital program, LDC Innovations. “The power of genomics and genetic diversity is largely untapped, and we believe that the company’s technology and collaborative model unlocks efficiencies and new product differentiation for stakeholders across the value chain, from farmers to end-consumers.”
“The plant-based protein movement is global in scale,” said Hewie Kang, CEO of Emart, Shinsegae Group. “Benson Hill’s product innovations, particularly in the area of protein and nutrient density, are poised to help further accelerate the adoption of plant-based alternatives. Our investment reflects a strategic intent to help realize the vision of delivering a steady stream of more sustainable and healthy food options to a global consumer.”
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