Pivot Bio

Pivot Bio

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

October 2018

Pivot Bio raises a $70,000,000 series B round from Breakthrough Energy Ventures.

Funding rounds

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2 Results
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People

Name
Role
LinkedIn

Natalie Hubbard, PhD

Vice President-Regulatory and Government Affairs

Richard Broglie, PhD

CTO

Alvin Tamsir

CSO and Co-Founder

Karsten Temme

CEO and Co-Founder

Further reading

Title
Author
Link
Type
Date

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

Documentaries, videos and podcasts

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References

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