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- Sound Agriculture
Sound Agriculture Revenue, Valuation, Funding & Investors
Sound Agriculture is valued at $275M as of December 2024, a 10.2x multiple on its last reported $27M revenue.
Last Sound Agriculture valuation
$275M
Series B · Dec 2024
Last Sound Agriculture funding round
$25M
Series B · Dec 2024
Sound Agriculture revenue
$27M
Series B · Dec 2024
Key investors in Sound Agriculture
Fall Line Capital
S2G Investments
Cavallo Ventures
Syngenta Ventures
Cultivian Sandbox Ventures
Northpond Ventures
About Sound Agriculture
Sound Agriculture is an Emeryville-headquartered agtech company founded in 2013. It develops ion channel-activating bio-stimulants like Source and Echo, which enhance nutrient uptake and stress tolerance in crops such as corn, soybeans, and wheat, serving over 10 million acres annually for U.S. farmers.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$27M (Dec 2024)
Valuation
$275M (Dec 2024)
Sectors
Sound Agriculture Valuation
Sound Agriculture is currently valued at $275M, based on its Series B in December 2024.
The $25M round was led by BMO Capital Markets and S2G Investments.
Sound Agriculture's valuation has grown 25x from $11M at its Series A in June 2015 to $275M in December 2024, across 2 priced rounds.
Sound Agriculture valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2024 | Series B | $275M | 10.2x |
| Jun 2015 | Series A | $11M | - |
Sound Agriculture Revenue
Sound Agriculture's latest recorded revenue is $27M, as of its Series B in December 2024. At a $275M valuation, that implies a 10.2x revenue multiple.
Sound Agriculture revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2024 | $27M | $275M | 10.2x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Sound Agriculture Funding History
Sound Agriculture has raised a total of $195M across 7 funding rounds.
Sound Agriculture's first fundraising round was a $3M Series A in June 2015. The most recent completed round was a $25M Series B in December 2024.
Sound Agriculture funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Series B | BMO Capital Markets (lead); S2G Investments (lead) | $25M | $275M | Sound Agriculture is an agtech company based in Emeryville, California, specializing in bioinspired nutrient efficiency solutions. Its flagship product, SOURCE, activates beneficial soil microbes to unlock nitrogen, phosphorus, and micronutrients otherwise inaccessible to crops, reducing reliance on synthetic fertilizers. A second product, Blueprint, provides arbuscular mycorrhizal fungi to enhance plant access to macronutrients, micronutrients, and water; together, they claim up to 80% greater yield impact and three times higher AMF colonization. On December 17, 2024, Sound Agriculture completed a $25 million extension to its Series D funding round, co-led by BMO Impact Investment Fund (part of BMO Capital Markets) and S2G Ventures, with participation from Leaps by Bayer, Syngenta Ventures, Fall Line Capital, and others. This follows a $75 million Series D in 2022 led by BMO, Chan Zuckerberg Initiative, and others. The extension brings the total Series D to around $100 million and will fund new products from R&D and partnerships, geographic expansion, commercial scaling, and progress toward profitability. The company also spun out its plant epigenetics platform for advanced genetics, with more details forthcoming. Sound Agriculture has achieved significant traction, reaching 2 million acres across the US in four years. It offers the Efficient Acre Incentive program, providing up to $10 per acre for replacing 25 pounds of nitrogen/phosphorus with SOURCE, plus up to $100 per acre yield protection cash back. Investors highlight the company's resilience, growth, cutting-edge science, and environmental impact in sustainable agriculture. One secondary source reports a pre-money valuation of $275 million USD and revenue range of $10-50 million USD, but no precise revenue or EBITDA figures using standard terms appear in primary announcements. |
| Dec 2022 | Series D | BMO Capital Markets (lead); Chan Zuckerberg Initiative (lead); Northpond Ventures; Syngenta Group; FootPrint Coalition; Leaps by Bayer; S2G Investments; Fall Line Capital; Cavallo Ventures | $75M | - | Sound Agriculture is an agtech company founded in 2013 in Emeryville, California, developing nature-based solutions for sustainable food production, including SOURCE, a nutrient efficiency product that enhances nitrogen and phosphorus uptake in crops to reduce synthetic fertilizer use by up to 30%, and an on-demand plant breeding platform focused on epigenetics. The company announced a $75 million Series D equity investment on December 7, 2022, led by BMO Impact Investment Fund and Chan Zuckerberg Initiative, with participation from FootPrint Coalition and returning investors Leaps by Bayer, Syngenta Group Ventures, S2G Ventures, Fall Line Capital, Cavallo Ventures, and Northpond Ventures, bringing total funding to $155 million. Funds were allocated to expand the nutrient efficiency and on-demand breeding business lines, scale sales and marketing for SOURCE beyond 1 million acres, advance research, and form new partnerships. The round highlighted rapid growth in the high-margin nutrient efficiency business and innovation in plant breeding, positioning Sound Agriculture to impact the food system from production to consumption. SOURCE, a chemistry-based rather than biological product, demonstrates efficacy backed by five years of data, improving yields while replacing nitrogen fertilizer. By 2022, the company had achieved strong product-market fit with its core offerings. In a later development, Sound Agriculture completed a $25 million Series D extension on December 17, 2024, co-led by BMO Impact Investment Fund and S2G Ventures, with support from Leaps by Bayer, Syngenta Ventures, and Fall Line Capital, following a spin-out of its plant epigenetics platform. This built on reaching 2 million acres in the U.S. in four years with SOURCE and launching BLUEPRINT, a mycorrhizal fungi solution, while pursuing profitability through new bioinspired nutrient products, geographies, and the Efficient Acre grower incentive program. |
| Aug 2021 | Series C | Leaps by Bayer (lead); Syngenta Ventures; Northpond Ventures; S2G Investments; Fall Line Capital; Cavallo Ventures | $45M | - | Sound Agriculture, founded in 2013 by Eric Davidson and Travis Bayer, develops bio-inspired agricultural solutions leveraging plant and soil biology to enhance nutrient efficiency and accelerate plant trait development. The company announced a $45 million funding round on August 19, 2021, led by Leaps by Bayer, with participation from Northpond Ventures and existing investors Cavallo Ventures, Fall Line Capital, S2G Ventures, and Syngenta Group Ventures. This investment supports Sound's dual-technology platform: an on-demand breeding platform that accelerates plant trait development ten times faster without GMOs, and a nutrient efficiency platform using patented technology to enable crops to access more nutrients from the microbiome, potentially replacing 30% of global nitrogen fertilizer use. The funding validates Sound's approach to addressing food production challenges through biotech innovations that promote sustainability, as highlighted by Leaps by Bayer's Jürgen Eckhardt and Sound CEO Adam Litle. Sound's SOURCE product, a chemistry-based nutrient efficiency solution, demonstrates efficacy backed by five years of data by 2022, reducing environmental variability compared to biological alternatives. Subsequently, Sound Agriculture raised a $75 million Series D round with new investors BMO Impact Investment Fund and Chan Zuckerberg Initiative leading, alongside returning investors including Leaps by Bayer and others, to scale SOURCE sales and marketing beyond 1 million acres, expand internationally, and advance R&D in epigenetics and on-demand breeding. The company's solutions aim to reduce fertilizer-related GHG emissions and water pollution, with metrics like over 10 million lbs of N & P replaced and $5 million in cost savings for growers reported on their site. |
| May 2020 | Series C | S2G Investments (lead); Syngenta Ventures; Cultivian Sandbox Ventures; Sandbox Industries; Fall Line Capital; Cavallo Ventures | $22M | - | Sound Agriculture, an agtech company based in Emeryville, California, develops bio-inspired crop solutions that activate natural plant and soil processes to enhance nutrient efficiency and support sustainable farming. Its flagship product, SOURCE™, launched in 2019, is a foliar spray that unlocks nitrogen and phosphorus in the soil by signaling beneficial microbes, delivering average corn yield increases of 8-10 bushels per acre without additional fertilizer. On May 19, 2020, Sound Agriculture closed a $22 million Series C funding round led by S2G Ventures, with participation from existing investors Cavallo Ventures, Cultivian Sandbox Ventures, Fall Line Capital, and Syngenta Ventures. The funding aimed to expand the company's consumer-facing business for healthier, tastier food and accelerate development of additional products for resource-efficient crop production. Sanjeev Krishnan from S2G joined the board, and Cheryl Martin became chair. The company focuses on merging modern science with grower challenges to provide on-demand solutions adapting agriculture to climate change and consumer preferences. SOURCE improves on-farm efficiency and soil health, while future offerings target on-demand plant breeding for improved nutrition, taste, and sustainability without genetic modification. Subsequent rounds included a $45 million Series C-extension in 2021 led by Leaps by Bayer and a $75 million Series D in a later year, bringing total funding to $155 million by then, with SOURCE used on over one million U.S. acres by 2022. |
| Dec 2019 | Series A | - | $13M | - | Sound Agriculture raised $13 million in a funding round filed on December 30, 2019. The company develops bio-inspired crop inputs, including its product Source launched in 2019 to enhance fertilizer performance by activating soil microbes for better nitrogen fixation and phosphorus solubilization, used on around 300,000 acres. Source enables farmers to reduce nitrogen usage by up to 50 pounds per acre while maintaining or improving yields amid rising fertilizer costs. |
| Dec 2017 | Series B | Cavallo Ventures (lead); Syngenta Ventures (lead); Cultivian Sandbox Ventures; Mission Bay Capital; Fall Line Capital | $12M | - | Sound Agriculture raised $12.3 million in Series B funding in 2017, with participation from investors including Cavallo Ventures, Cultivian Sandbox Ventures, Fall Line Capital, Mission Bay Capital, and Syngenta Ventures. The company develops nature-based solutions for agriculture, including its flagship product SOURCE, a bio-inspired alternative to synthetic fertilizer that activates soil microbiome to improve crop yields and reduce nitrogen fertilizer application. SOURCE was shown to increase corn yields an average of 7.5 bushels per acre and allow growers to reduce nitrogen fertilizer use by up to 50 lbs per acre. The company has since grown significantly, with subsequent funding rounds including a $22 million Series C in 2020 and a $100 million Series D in December 2024, bringing total funding to over $195 million. By 2024-2025, the company had expanded its product portfolio to include a plant epigenetics platform and achieved an estimated valuation of approximately $275 million. |
| Jun 2015 | Series A | Cultivian Sandbox Ventures (lead); Fall Line Capital (lead) | $3M | $11M | Sound Agriculture (formerly Asilomar Bio) is an agricultural biotechnology company founded in 2013 that develops bio-inspired crop enhancement products designed to improve yields and water efficiency while reducing synthetic fertilizer dependency. The company's primary product replaces up to 50 lbs of nitrogen fertilizer per acre while maintaining or increasing yields, delivered as a shelf-stable liquid for foliar application. The company was founded on research conducted in the UK focused on improving agricultural sustainability, particularly for smallholder farmers in Sub-Saharan Africa, before pivoting to serve broader crop enhancement markets. In June 2015, Sound Agriculture closed its Series A funding round at a post-money valuation of $10.63 million, raising $3 million from lead investors Cultivian Sandbox and Fall Line Capital. |
Who has invested in Sound Agriculture?
13 investors have backed Sound Agriculture across its funding rounds, including Fall Line Capital, S2G Investments, Cavallo Ventures, Syngenta Ventures, Cultivian Sandbox Ventures and Northpond Ventures.
Lead investors include BMO Capital Markets, S2G Investments, Chan Zuckerberg Initiative, Leaps by Bayer, Cavallo Ventures and 3 other investors.
Sound Agriculture Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Jun 2015 | ||
| 4 | Lead | May 2020 | ||
| 4 | Lead | Dec 2017 | ||
| 3 | Lead | Dec 2017 | ||
| 3 | Lead | Jun 2015 | ||
| 2 | Participant | Aug 2021 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Lead | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Lead | Dec 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSound Agriculture Competitors
Sound Agriculture competitors include listed companies like IMC SA and Grieg Seafood, and private ones like Jianan Nongmu, Solinftec, China Shouguang Vegetable Industry Group and Vertical Companies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $270M | - | ||
| Private | $60M | - | $270M | 4.5x | ||
| Publicly listed | $190M | $96M | $282M | - | ||
| Private | - | - | $267M | - | ||
| Private | - | - | $285M | - | ||
| Publicly listed | $394M | $49M | $306M | 1.1x |
Sound Agriculture Public Comps
Sound Agriculture is still privately-owned, but its public comps include IMC SA, Cartavio, Grieg Seafood, Forafric Global, Grupa Azoty Zaklady Chemiczne Police, Ledesma, ASTARTA Holding, AB Akola, Camanchaca and Itafos.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $190M | $96M | 2.1x | - | 4.2x | - | |||
| - | - | - | - | - | - | |||
| $394M | $49M | 1.2x | 1.1x | 9.6x | 11.4x | |||
| $176M | $10M | 2.6x | - | 46.2x | - | |||
| $653M | ($187M) | 0.6x | - | (2.1x) | - | |||
| $685M | $41M | 0.5x | - | 8.3x | - | |||
| $543M | $113M | 0.9x | 0.8x | 4.2x | 2.9x | |||
| $1.7B | $109M | 0.4x | 0.4x | 7.0x | 6.9x | |||
This data is available for Pro users. Sign up to see all Sound Agriculture competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sound Agriculture
| When was Sound Agriculture founded? | Sound Agriculture was founded in 2013. |
| Where is Sound Agriculture headquartered? | Sound Agriculture is headquartered in San Francisco, CA, United States. |
| Is Sound Agriculture publicly listed? | No, Sound Agriculture is a private, VC-backed company. |
| What is Sound Agriculture's valuation? | Sound Agriculture was last valued at $275M in its Series B in December 2024. |
| How much funding has Sound Agriculture raised? | Sound Agriculture has raised $195M across 7 funding rounds. |
| What was Sound Agriculture's last funding round? | Sound Agriculture's last funding round was a $25M Series B in December 2024, led by BMO Capital Markets and S2G Investments. |
| Who are Sound Agriculture's investors? | Sound Agriculture's investors include Fall Line Capital, S2G Investments, Cavallo Ventures, Syngenta Ventures, Cultivian Sandbox Ventures, Northpond Ventures, Leaps by Bayer, BMO Capital Markets, Syngenta Group, FootPrint Coalition and 3 others. |
| What is Sound Agriculture's revenue? | Sound Agriculture's latest recorded revenue is $27M (December 2024). |
| What is Sound Agriculture's revenue multiple? | Sound Agriculture's latest valuation implies a 10.2x revenue multiple ($275M valuation on $27M of revenue). |
| Which companies are comparable to Sound Agriculture? | Companies comparable to Sound Agriculture include Jianan Nongmu, Solinftec, IMC SA, China Shouguang Vegetable Industry Group, Vertical Companies and Grieg Seafood. |
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