Golden logoGolden logo
Advanced Search
Pivot Bio

Pivot Bio

Pivot Bio is a company that creates technology that is focused on nitrogen fixation in cereal crops through microbes.It was founded in 2010 and is located in Berkeley, California.

Pivot Bio is a California-based biotechnology company that uses research from the microbiome to advance the nutrition available in crops. It is developing an alternative to synthetic nitrogen fertilizer with the stated purpose of decreasing the negative effects that synthetic nitrogen fertilizer has on the planet, such as contributing to global warming and ocean dead zones.

Product

The company's product is "Proven" and consists of microbes that are applied in-furrow during planting. The microbes create an interdependent relationship with corn crops by producing nitrogen and delivering directly to the roots of the plants, thus not causing run off during extreme weather events, such as heavy rainfall. In 2018, Proven outperformed synthetic nitrogen fertilizer in national tests that were conducted by the company.

Pivot Bio has started with a solution for corn crops because it is one of the largest global commodity cereal crops. The product is approved in 16 states within the United States and Pivot Bio is working on another product that is designed for soybean crops.

Funding
Seed

On October 1, 2014 Pivot Bio announced raising $750,000 in seed funding from Monsanto Growth Ventures (lead investor) and Data Collective DCVC.

Series A

On March 23, 2016 Pivot Bio announced raising $16 million in series A funding from Data Collective DCVC (lead investor), Monsanto Growth Ventures, Bill & Melinda Gates Foundation, and Jenny Rooke.

Series B

On October 2, 2018 Pivot Bio announced raising $70 million in series B funding from Breakthrough Energy Ventures (lead investor), Tekfen Ventures, Continental Grain Company, and Alan Cohen. The company plans on using their series B funding to launch new products and enter new markets such as Brazil, Argentina, and Canada.

Timeline

July 19, 2021
Pivot Bio raises a $430,000,000 series D round from Breakthrough Energy Ventures, Continental Grain Company, Data Collective, G2 Venture Partners, Generation Investment Management, Pavilion Capital, Prelude Ventures, Rockefeller Capital Management, Tekfen Ventures and Temasek Holdings.
October 2018
Pivot Bio raises a $70,000,000 series B round from Breakthrough Energy Ventures.
March 23, 2016
Pivot Bio raises a $16,000,000 series A round from Bill & Melinda Gates Foundation, Data Collective, Genoa Ventures, Monsanto Growth Ventures and OS Fund.
October 1, 2014
Pivot Bio raises a $750,000 seed round from Data Collective and Monsanto Growth Ventures.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

How Pivot Bio PROVENTM Works

Pivot Bio Is Leveraging the Microbiome for Sustainable Nitrogen Solutions - World AgriTech USA

Web

December 17, 2018

Pivot Bio PROVEN Outperforms Chemical Fertilizer Across Geographies, Soil Types and Weather Conditions

Pivot Bio

Web

February 6, 2019

Pivot Bio Secures $70M Investment For Nitrogen-Producing Microbes

Jenny Splitter

Web

October 3, 2018

News

Title
Author
Date
Publisher
Description
Devin Coldewey
July 20, 2021
TechCrunch
Pivot Bio makes fertilizer -- but not directly. Its modified microorganisms are added to soil and they product nitrogen that would otherwise have had to be trucked in and dumped there. This biotech-powered approach can save farmers money and time and ultimately may be easier on the environment -- a huge opportunity that investors have [...]

References

Golden logo
By using this site, you agree to our Terms of Service.