sound.agFoodTech / Other FoodTechFounded: 2013Funding to Date: $160.98MM
Sound's mission is to create on-demand crop solutions that lead to more sustainable, healthier, and tastier food. The company develops nature-based solutions. Sound's biochemical technology enables agriculture to adapt faster to climate change and evolving consumer preferences. SOURCE, the company's flagship product, activates the microbiome to give crops access to more of the nitrogen and phosphorus that exists in the field, improving yield and reducing synthetic fertilizer in corn. Sound Agriculture was founded by Eric Davidson, PhD and Travis Bayer, PhD.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
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12/07/2022 | Series D | $75MM | $xx.xx | $379.74MM | BMO Impact Investment Fund, Chan Zuckerberg Initiative, FootPrint Coalition, Leaps by Bayer, Syngenta Group Ventures, S2G Ventures, Fall Line Capital, Cavallo Ventures, Northpond Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,023,076
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BMO Impact Investment Fund, Chan Zuckerberg Initiative, FootPrint Coalition, Leaps by Bayer, Syngenta Group Ventures, S2G Ventures, Fall Line Capital, Cavallo Ventures, Northpond Ventures
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08/19/2021 | Series C-3 | $48.14MM | $xx.xx | $198.82MM | Leaps by Bayer, Northpond Ventures, Cavallo Ventures, Fall Line Capital, S2G Ventures, Syngenta Group Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,361,464
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Leaps by Bayer, Northpond Ventures, Cavallo Ventures, Fall Line Capital, S2G Ventures, Syngenta Group Ventures
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05/21/2020 | Series C-2 | $9.26MM | $xx.xx | $88.49MM | Cultivian Sandbox, Fall Line Capital, Cavallo Ventures, Syngenta Group Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,162,272
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cultivian Sandbox, Fall Line Capital, Cavallo Ventures, Syngenta Group Ventures
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05/21/2020 | Series C | $13MM | $xx.xx | $88.49MM | Cultivian Sandbox, Fall Line Capital, Cavallo Ventures, Syngenta Group Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,036,100
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cultivian Sandbox, Fall Line Capital, Cavallo Ventures, Syngenta Group Ventures
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12/11/2017 | Series B | $12.53MM | $xx.xx | $43.14MM | Syngenta Group Ventures, Cavallo Ventures, Fall Line Capital, Cultivian Sandbox | |
Price per Share
$xx.xx
Shares Outstanding
4,183,755
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Syngenta Group Ventures, Cavallo Ventures, Fall Line Capital, Cultivian Sandbox
|
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06/17/2015 | Series A-2 | $2.04MM | $xx.xx | $10.63MM | Cultivian Sandbox, Fall Line Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,929,621
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cultivian Sandbox, Fall Line Capital
|
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06/17/2015 | Series A-1 | $1.01MM | $xx.xx | $10.63MM | Cultivian Sandbox, Fall Line Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,088,005
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Cultivian Sandbox, Fall Line Capital
|