CoverCress Overview

  • Founded
  • 2013

Founded
  • Status
  • Acquired/​Merged

  • Employees
  • 37

Employees
  • Latest Deal Type
  • M&A

  • Investors
  • 2

CoverCress General Information

Description

Provider of crop breeding services intended to offer soil cover for corn harvest and soybean planting. The company's services specialize in yielding crops that are used as a food oil or a feedstock for low carbon intensity bio or renewable diesel while producing on low input and carbon, enabling farmers to maximize their yield through sustainable agricultural techniques in an efficient manner.

Contact Information

Formerly Known As
Arvegenix
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Venture Capital-Backed
Primary Industry
Cultivation
Parent Company
Primary Office
  • 1249 North Warson Road
  • Saint Louis, MO 63132
  • United States
+1 (314) 000-0000

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CoverCress Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Merger/Acquisition 01-Aug-2022 000.00 Completed Generating Revenue
11. Later Stage VC (Series C1) 26-Apr-2022 0000 000.00 00000 Completed Generating Revenue
10. Later Stage VC (Series B1) 15-Mar-2021 000 000.00 0000 Completed Generating Revenue
9. Secondary Transaction - Private 01-Oct-2020 000.00 Completed Generating Revenue
8. Debt - PPP 03-May-2020 000.00 Completed Generating Revenue
7. Later Stage VC (Series A2) 08-Apr-2020 00.00 000.00 000.00 Completed Generating Revenue
6. Accelerator/Incubator 14-May-2019 00000 00.000 Completed Generating Revenue
5. Later Stage VC (Series A1) 21-Dec-2018 00.000 00.000 000.00 Completed Generating Revenue
4. Early Stage VC (Series A) 22-Mar-2017 $2.4M $5.3M 000.00 Completed Generating Revenue
3. Early Stage VC (Series A) 07-May-2015 $2.5M $2.9M 000.00 Completed Generating Revenue
To view CoverCress’s complete valuation and funding history, request access »

CoverCress Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C1 0,000,000 00.000000 00 000.0 000.0 00 000.0 00.000
Series B1 0,000,000 00.000000 00 00.0 00.0 00 00.0 00.000
Series A2 0,000,000 00.000000 00 00.0 00.0 00 00.0 00.000
Series A1 729,000 $0.000100 8% $4 $4 1x $4 8.13%
Series AO 1,098,502 $0.000100 8% $5.39 $5.39 1x $5.39 12.26%
To view CoverCress’s complete cap table history, request access »

CoverCress Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of crop breeding services intended to offer soil cover for corn harvest and soybean planting. The company's ser
Cultivation
Saint Louis, MO
37 As of 2022
000.00
000000&0 000.00

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00000000000
Alameda, CA
00 As of 0000
00000
00000000000 00000

000000

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00000000000
San Diego, CA
00 As of 0000
000.00
0000 0000-00-00
00000000000 000.00
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CoverCress Competitors (3)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Terviva Venture Capital-Backed Alameda, CA 00 00000 00000000000 00000
000000 Venture Capital-Backed San Diego, CA 00 000.00 00000000000 000.00
00000000 Venture Capital-Backed Gatineau, Canada 00 000.00 0000000000 0 000.00
You’re viewing 3 of 3 competitors. Get the full list »

CoverCress Patents

CoverCress Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20220151259-A1 Low fiber pennycress meal, seeds, and methods of making Pending 15-Sep-2017 000000000
US-20190082718-A1 Low fiber pennycress meal and methods of making Granted 15-Sep-2017 000000000
US-10709151-B2 Low fiber pennycress meal and methods of making Active 15-Sep-2017 000000000
US-11224237-B2 Low fiber pennycress meal, seeds, and methods of making Active 15-Sep-2017 000000000
US-20200296993-A1 Low fiber pennycress meal, seeds, and methods of making Granted 15-Sep-2017 A23K10/30
To view CoverCress’s complete patent history, request access »

CoverCress Executive Team (8)

Name Title Board Seat Contact Info
Michael DeCamp JD President, Board Member & Chief Executive Officer
Matt Luetje Chief Operating Officer
Tim Ulmasov Chief Technology Officer
Dale Sorensen Chief Commercial Officer
Gerald Steiner Co-Founder & Executive Chairman
You’re viewing 5 of 8 executive team members. Get the full list »

CoverCress Board Members (13)

Name Representing Role Since
Alan Weber Self Board Member 000 0000
Derek Norman Ph.D Leaps by Bayer Board Member 000 0000
Gerald Steiner Self Co-Founder & Executive Chairman 000 0000
John Peryam JD Fulcrum Global Capital Board Member 000 0000
Mark Cupta Prelude Ventures Board Observer 000 0000
You’re viewing 5 of 13 board members. Get the full list »

CoverCress Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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CoverCress Former Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
BioGenerator Venture Capital Minority 000 0000 000000 0
Black Creek Group Real Estate Minority 000 0000 000000 0
Cultivation Capital Venture Capital Minority 000 0000 000000 0
Fulcrum Global Capital Venture Capital Minority 000 0000 000000 0
Helix Center Biotech Incubator Accelerator/Incubator Minority 000 0000 000000 0
You’re viewing 5 of 18 investors. Get the full list »