St. Louis-based Benson Hill Biosystems, which uses cloud biology to drive crop performance improvements, has closed its Series B financing round at $25 million.
That’s up roughly $7 million from the $18 million the company reported raising in mid-March.
The round was co-led by St. Louis-based Lewis & Clark Ventures and Silicon Valley-based Prelude Ventures. New investors including Fall Line Capital and S2G Ventures also participated along with existing investors Alexandria Venture Investments, Cultivation Capital, iSelect Fund, Mercury Fund, Middleland Capital, Missouri Technology Corp., Prolog Ventures and TechAccel.
The money, Benson Hill President and CEO Matthew Crisp said, will be used to develop the company’s CropOS software platform, which uses cloud biology to help introduce new corn choices for growers, and develop more product candidates to increase crop yield.
Read more: St. Louis Business Journal