About CoverCress
CoverCress is a company based in St. Louis (United States) founded in 2013 by Jerry Steiner was acquired by Bayer in August 2022.. CoverCress has raised $44.67 million across 8 funding rounds from investors including Bayer, Chevron and United States Department of Agriculture. CoverCress offers products and services including CoverCress Crop and Farm Adoption Program. CoverCress operates in a competitive market with competitors including Benson Hill, Cibus, Ceres, Pairwise and Inari, among others.
- Headquarter St. Louis, United States
- Founders Jerry Steiner
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Sectors
HealthcareAgriculture
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Email
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Phone
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Website
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Social
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- Legal Name Covercress Inc.
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Products & Services of CoverCress
CoverCress offers a comprehensive portfolio of products and services, including CoverCress Crop and Farm Adoption Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Innovative winter crop for additional revenue and soil enhancement.
Program offering no-cost integration for sustainable crop production.
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Funding Insights of CoverCress
CoverCress has successfully raised a total of $44.67M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $26 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $26.0M
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First Round
First Round
(11 May 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series C - CoverCress | Valuation | Bunge , Chevron |
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| Sep, 2021 | Amount | Grant - CoverCress | Valuation |
investors |
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| Apr, 2021 | Amount | Grant - CoverCress | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in CoverCress
CoverCress has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Bayer, Chevron and United States Department of Agriculture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and acceleration are provided to life science startups.
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Early-stage businesses are funded by St. Louis Arch Angels.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CoverCress
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CoverCress
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Covercress Comparisons
Competitors of CoverCress
CoverCress operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Benson Hill, Cibus, Ceres, Pairwise and Inari, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of plant-based food ingredients
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Gene editing solutions are provided for agriculture.
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Beers are produced and branded by Ceres in Italy.
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New crop varieties are developed using gene-editing for agrigenomics.
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Breeding technology is provided by Inari to design seeds.
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Production and distribution of GM and non-GMO seeds and other farm inputs
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Covercress
Frequently Asked Questions about CoverCress
When was CoverCress founded?
CoverCress was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is CoverCress located?
CoverCress is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Who is the current CEO of CoverCress?
Jerry Steiner is the current CEO of CoverCress. They have also founded this company.
Is CoverCress a funded company?
CoverCress is a funded company, having raised a total of $44.67M across 8 funding rounds to date. The company's 1st funding round was a Grant of $106.49K, raised on May 11, 2015.
What does CoverCress do?
Cover Cress is a developer and supplier of CoverCress crop seeds. The company has developed CoverCress seeds from native PennyCress crops using molecular biology and plant breeding techniques. The company claims that the crop comes with characteristics of a cover crop preventing soil erosion and an oilseed crop-producing oil and high protein feed similar to canola oil, canola meal. Also, claims to be suitable to grow in winter between corn and soybean crop seasons.
Who are the top competitors of CoverCress?
CoverCress's top competitors include Benson Hill, Cibus and Inari.
What products or services does CoverCress offer?
CoverCress offers CoverCress Crop and Farm Adoption Program.
Who are CoverCress's investors?
CoverCress has 13 investors. Key investors include Bayer, Chevron, United States Department of Agriculture, Monsanto, and Bunge.