Benson Hill Biosystems, an agtech company based in the St. Louis area, has raised $7.1 million in a funding round led by Washington, D.C.-based venture capital firm Middleland Capital.
The company, which is developing technology to improve crop yields by making photosynthesis more efficient, will use its new capital to fund field trials and other product development.
Mercury Fund, Prelude Ventures, Prolog Ventures, Alexandria Venture Investments, Cultivation Capital, TechAccel, Missouri Technology Corporation and Biogenerator also contributed to the round.
Benson Hill, founded in 2012, has about 20 employees at its St. Louis County headquarters, and another half dozen in other locations. The startup plans to add another 12 employees in the St. Louis area in the next year.