This article originally ran on St. Louis Business Journal on December 19, 2023.
Creve Coeur agriculture technology startup NewLeaf Symbiotics, which has developed products to boost crop growth, has raised $45 million from investors to pursue expansion.
This round was led by new investor Gullspång Re:food and followed by Otter Capital Partners LP, S2G Ventures, Leaps by Bayer and others.
NewLeaf gained tremendous growth over the past three years with its PPFM technology, significantly increasing in product shipments for corn and soy acres. The market saw NewLeaf’s product-applied footprint increase from approximately 800,000 acres in crop year 2022 to 3.5 million acres in crop year 2023, with a projected nearly 11 million acres in crop year 2024.
