Indigo Ag
- 🦄Became a unicorn2018
- 📈Peak valuation$3.5 Billion ’21
- 💔Became a Unitard2023
- 💸Last valuation~$210M
How it happened
Indigo Ag was one of the most richly valued agricultural-technology startups, using microbial seed coatings, a grain marketplace and a carbon-credit program to make farming more sustainable, reaching a peak valuation of about $3.5B between 2018 and 2021. Revenue grew to roughly $1B by 2022, but the business burned cash and its valuation proved unsustainable; in mid-2023 Indigo raised a down round at just ~$200M — a 94% collapse, one of agtech's starkest markdowns. Glassdoor reviews from those years chart the retrenchment: employees counted repeated layoff rounds — several tallied four or five in under three years, plus furloughs — amid constant strategy pivots and shuttered product lines, some cuts landing just after fresh funding.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: Calcalist / AgFunderNews / PitchBook (~$3.5B peak valuation 2018-2021; mid-2023 down round at ~$200M, a 94% drop; revenue ~$1B in 2022)
