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Our portfolio company, Ostara, raised US$70m in a Series C funding with investment from new and existing partners to increase production of Crystal Green® Fertilizer, an environmentally responsible plant activated fertiliser, enabling more farmers and growers to improve yields and reduce pollution.
Ostara will use the funding to complete construction of its St. Louis, Missouri, manufacturing facility in the US, which will produce and ship its unique fertiliser to more North American farmers who are looking to maximise yield, embrace sustainability, reduce applied phosphate rates per acre and decrease costs.
The plant, which will be operational in Q3 2023, is strategically located in St. Louis, in the heart of midwestern agriculture.
Once complete, the facility will produce 250,000 tonnes per year, providing product in time for the 2024 growing season, as well as dozens of new jobs in the region.