The Pennycress Company
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The Pennycress Company - overview
Established
2023
Location
Lincoln, NE, US
Primary Industry
Biotechnology
About
The Pennycress Company, based in the United States, bioengineers pennycress seeds for agricultural use, providing farmers with a high-yielding, sustainable crop option to enhance soil health and increase profitability. The Pennycress Company specializes in bioengineering pennycress seeds designed for cultivation during off-seasons between corn and soybean crops. Founded in 2023 in Lincoln, US, the company is led by CEO Jason Thomas. The Pennycress Company has raised USD 50,000 in its latest funding round on January 20, 2026, marking its first deal and total amount raised.
The Pennycress Company specializes in bioengineered pennycress seeds that serve as a high-yielding winter oilseed crop. These seeds can be grown between corn and soybean seasons, offering financial benefits to farmers while improving soil health and promoting ecosystem sustainability. The seeds function as a low-carbon feedstock for renewable diesel and sustainable aviation fuel. Utilizing advanced plant science technologies, including gene editing and precision agriculture, the company meets the agricultural and environmental needs of farmers in the Midwest and Northeast regions of the United States.
Revenue generation for The Pennycress Company is built on partnerships with farmers and biorefineries in a B2B model. The company sells bioengineered pennycress seeds directly to agricultural producers, who diversify their crops and enhance income by supplying harvested seeds to biorefineries for renewable fuel production. Revenue arises from seed sales and long-term supply contracts with biorefineries and fuel producers, creating reliable connections within the agricultural and energy sectors. In January 2026, The Pennycress Company raised USD 50,000 in venture funding to support its growth initiatives.
The company plans to introduce new bioengineered seed varieties to market, aiming for product launches in the near future. Additionally, there are strategies to expand its geographical reach beyond the Midwest and Northeast regions into new agricultural markets across the United States.
Primary Industry
Biotechnology
Sub Industries
Biotechnology, Agribusiness
Website
www.thepennycresscompany.com
Company Stage
Early Stage
Total Amount Raised
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