About Hi Fidelity Genetics
Hi Fidelity Genetics is a company based in Durham (United States) founded in 2014 by Spencer Maughan and Philip Benfey.. Hi Fidelity Genetics has raised $8.5 million across 5 funding rounds from investors including Fall Line Capital, Finistere Ventures and Gro Alliance. The company has 1 employees as of December 31, 2024. Hi Fidelity Genetics offers products and services including Corn Seeds and Soybean Seeds. Hi Fidelity Genetics operates in a competitive market with competitors including Benson Hill, Cibus, Pairwise, Inari and Ceres, among others.
- Headquarter Durham, United States
- Employees 1 as on 31 Dec, 2024
- Founders Spencer Maughan, Philip Benfey
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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 Hi Fidelity Genetics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.5 M (USD)
in 5 rounds
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Latest Funding Round
$8.5 M (USD), Series A
Dec 13, 2018
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Investors
Fall Line Capital
& 8 more
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Employee Count
1
as on Dec 31, 2024
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Products & Services of Hi Fidelity Genetics
Hi Fidelity Genetics offers a comprehensive portfolio of products and services, including Corn Seeds and Soybean Seeds. 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.
Non-GMO corn seeds designed to reduce farming costs and improve yields.
Verified non-GMO seeds for high-yield soybean production.
Funding Insights of Hi Fidelity Genetics
Hi Fidelity Genetics has successfully raised a total of $8.5M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $8.5 million completed in December 2018. 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 5
- Last Round Series A — $8.5M
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First Round
First Round
(05 May 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series A - Hi Fidelity Genetics | Valuation | Fall Line Capital , Finistere Ventures |
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| Apr, 2018 | Amount | Grant - Hi Fidelity Genetics | Valuation |
investors |
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| Jun, 2017 | Amount | Grant - Hi Fidelity Genetics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Investors in Hi Fidelity Genetics
Hi Fidelity Genetics has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Fall Line Capital, Finistere Ventures and Gro Alliance. 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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VC firm that does early stage investments in the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early-stage investments are made in frontier science ventures.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Hi Fidelity Genetics
| 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 - Hi Fidelity Genetics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Hi Fidelity Genetics Comparisons
Competitors of Hi Fidelity Genetics
Hi Fidelity Genetics 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, Pairwise, Inari and Ceres, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of plant-based food ingredients
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| domain | founded_year | HQ Location |
Gene editing solutions are provided for agriculture.
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| domain | founded_year | HQ Location |
New crop varieties are developed using gene-editing for agrigenomics.
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| domain | founded_year | HQ Location |
Breeding technology is provided by Inari to design seeds.
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| domain | founded_year | HQ Location |
Beers are produced and branded by Ceres in Italy.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Hi Fidelity Genetics
Frequently Asked Questions about Hi Fidelity Genetics
When was Hi Fidelity Genetics founded?
Hi Fidelity Genetics was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Hi Fidelity Genetics located?
Hi Fidelity Genetics is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Is Hi Fidelity Genetics a funded company?
Hi Fidelity Genetics is a funded company, having raised a total of $8.5M across 5 funding rounds to date. The company's 1st funding round was a Grant of $500K, raised on May 05, 2016.
How many employees does Hi Fidelity Genetics have?
As of Dec 31, 2024, the latest employee count at Hi Fidelity Genetics is 1.
What does Hi Fidelity Genetics do?
Developer of a predictive breeding platform to identify crop traits and build crop models. It developed RootTracke, a platform to analyze growing roots in the field, and Luther, an end-to-end AI breeding engine. The platform measures certain crop-specific parameters and environmental parameters to build a model for plant growth leveraging predictive analytics. The company claims to collect and screen trillions of data combinations on proprietary corn plants which are fed into its advanced data science platform to create optimized hybrid corn products.
Who are the top competitors of Hi Fidelity Genetics?
Hi Fidelity Genetics's top competitors include Benson Hill, Cibus and Inari.
What products or services does Hi Fidelity Genetics offer?
Hi Fidelity Genetics offers Corn Seeds and Soybean Seeds.
Who are Hi Fidelity Genetics's investors?
Hi Fidelity Genetics has 9 investors. Key investors include Fall Line Capital, Finistere Ventures, Gro Alliance, KdT Ventures, and Prairie Crest Capital.