CoverCress Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 42

Employees

  • Latest Deal Type
  • M&A

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 food oil or feedstock for low carbon intensity biofuel 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

Website
www.covercress.com
Formerly Known As
Arvegenix
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 10407 Baur Boulevard
  • Suite A
  • Saint Louis, MO 63132
  • United States
+1 (314)
Primary Industry
Cultivation
Parent Company
Bayer
Vertical(s)
LOHAS & Wellness, AgTech, Climate Tech
Corporate Office
  • 10407 Baur Boulevard
  • Suite A
  • Saint Louis, MO 63132
  • United States
+1 (314)

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CoverCress Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
15. Merger/Acquisition 01-Aug-2022 Completed Generating Revenue
14. Later Stage VC (Series C1) 26-Apr-2022 Completed Generating Revenue
13. Grant 31-Dec-2021 Completed Generating Revenue
12. Later Stage VC (Series B1) 15-Mar-2021 Completed Generating Revenue
11. Secondary Transaction - Private 01-Oct-2020 Completed Generating Revenue
10. Debt - PPP 03-May-2020 Completed Generating Revenue
9. Later Stage VC (Series A2) 08-Apr-2020 Completed Generating Revenue
8. Grant 31-Dec-2019 Completed Generating Revenue
7. Accelerator/Incubator 14-May-2019 $250K $8.47M Completed Generating Revenue
6. Later Stage VC (Series A1) 21-Dec-2018 $2.92M $8.22M 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
Series B1
Series A2
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
42 As of 2025

San Diego, CA
 

Woburn, MA
 
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CoverCress Competitors (6)

One of CoverCress’s 6 competitors is ZeaKal, a Venture Capital-Backed company based in San Diego, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
ZeaKal Venture Capital-Backed San Diego, CA
Yield10 Bioscience Formerly VC-backed Woburn, MA
Terviva Venture Capital-Backed Alameda, CA
Tropic Biosciences Venture Capital-Backed Norwich, United Kingdom
Arcadia Biosciences Formerly VC-backed Dallas, TX
To view CoverCress’s complete competitors history, request access »

CoverCress Patents

  • 23

    Total Documents Applications and Grants

  • Total Patents Families

  • 13

    Granted

  • 9

    Pending

  • Expiring in next 12 mo

CoverCress Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240172620-A1 Pennycress variety b3 Pending 30-Nov-2022
US-20240172621-A1 Pennycress variety b28 Pending 30-Nov-2022
US-20240147929-A1 Pennycress varieties with improved shatter resistance and early maturity Pending 04-Nov-2022
US-20210084936-A1 Low glucosinolate pennycress meal and methods of making Inactive 19-Jan-2018
US-10988772-B2 Low glucosinolate pennycress meal and methods of making Active 19-Jan-2018 C12N15/8245
To view CoverCress’s complete patent history, request access »

CoverCress Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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CoverCress Former Investors (22)

Investor Name Investor Type Holding Investor Since Participating Rounds
Bio Research & Development Growth Park Accelerator/Incubator
BioGenerator Ventures Venture Capital Minority
Black Creek Group Real Estate Minority
Bunge Ventures Corporate Venture Capital Minority
Chevron Corporation Minority
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CoverCress FAQs

  • When was CoverCress founded?

    CoverCress was founded in 2013.

  • Where is CoverCress headquartered?

    CoverCress is headquartered in Saint Louis, MO.

  • What is the size of CoverCress?

    CoverCress has 42 total employees.

  • What industry is CoverCress in?

    CoverCress’s primary industry is Cultivation.

  • Is CoverCress a private or public company?

    CoverCress is a Private company.

  • What is CoverCress’s current revenue?

    The current revenue for CoverCress is .

  • How much funding has CoverCress raised over time?

    CoverCress has raised $47.7M.

  • Who are CoverCress’s investors?

    Bio Research & Development Growth Park, BioGenerator Ventures, Black Creek Group, Bunge Ventures, and Chevron are 5 of 22 investors who have invested in CoverCress.

  • Who are CoverCress’s competitors?

    ZeaKal, Yield10 Bioscience, Terviva, Tropic Biosciences, and Arcadia Biosciences are some of the 6 competitors of CoverCress.

  • When was CoverCress acquired?

    CoverCress was acquired on 01-Aug-2022.

  • Who acquired CoverCress?

    CoverCress was acquired by Bayer.

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