IMIO Raises $12M from Sofinnova Partners and Chipotle's Cultivate Next to Scale Reliable Biologicals and Improve Soil PerformanceIMIO, the pioneering manufacturer of a new generation of dependable agricultural biologicals, has raised $12 million to help farmers transform soil performance and protect profitability. The round was led by Sofinnova Partners with additional backing from Chipotle’s Cultivate Next venture fund, Starshot Capital, Grow Together Salinas, Earth Foundry and Serra Ventures. The investment will be used to support the development of the company’s new lab and biomanufacturing operations and headquarters in Chicago.
