Pivot Bio, Inc.
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Pivot Bio, Inc. - overview
Established
2010
Location
Berkeley, CA, US
Primary Industry
Biotechnology
About
Founded in 2010 and based in California, US, Pivot Bio operates as a biotechnology company that develops an alternative to synthetic nitrogen fertilizer for farmers. The firm was founded by Alvin Tamsir and Karsten Temme. In July 2021, Pivot Bio, Inc. raised USD 430 million in Series D funding co-led by returning investors Data Collective and Temasek Holdings, with participation from other returning investors, Breakthrough Energy Ventures, Bunge Investment Management, Continental Grain Company, Pavilion Capital, Prelude Ventures, and Tekfen Ventures.
Pivot Bio, Inc. provides farmers with solutions that enable them to grow quality, environmentally responsible, and sustainably focused crops. Its products include Pivot Bio PROVEN 40, which is a nitrogen-producing microbe fed to corn plants directly during the growth stage that enables farmers to replace up to 40 pounds per acre of synthetic nitrogen, and Pivot Bio RETURN N, which helps ensure nitrogen is no longer the limiting factor when it comes to wheat or sorghum plants.
Current Investors
Temasek Holdings, Breakthrough Energy Ventures, DCVC
Primary Industry
Biotechnology
Sub Industries
Biotechnology, Farm Support Services
Website
www.pivotbio.com
Verticals
Agtech, Clean Technology
Company Stage
Series D
Total Amount Raised
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