Yield Lab sees competition in agtech space

The Yield Lab, the St. Louis-based agtech accelerator that launched in 2014, is seeing more competition from some of the world’s largest companies.

To date, Yield Lab has invested just more than $1.1 million into 11 early-stage agtech companies from around the world. Those companies get $100,000 in exchange for an equity stake and a network in St. Louis that Yield Lab officials boast as unparalleled.

And similar accelerators are popping up around the country with tens of millions of dollars in funding.

Matt Plummer, a principal with The Yield Lab, said Yield Lab officials are happy to see the rising number of agtech accelerators, but said The Yield Lab stands out from the rest by developing companies and connecting them with potential customers such as Monsanto, Bunge North America and KWS, which recently expanded in BRDG Park.

To date, The Yield Lab portfolio companies have gone on to raise $15 million in follow-on capital.

Read more: St. Louis Business Journal


Tags:

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students