Benson Hill, a food tech company working with the natural genetic diversity of plants has been chosen as the first investment of a three-year, $125 million co-investment partnership to advance climate solutions, formed by Caisse de dépôt et placement du Québec (CDPQ) and S2G Ventures (S2G).
Through the co-investment partnership, CDPQ, a global investment group, and S2G, a leading multi-stage investment firm, are investing behind innovative companies developing concrete sustainability and climate-friendly solutions in the food and agriculture sector. CDPQ and S2G participated in Benson Hill’s recently announced $150 million Series D funding round, which also included other strategic and environmental, social and governance (ESG) focused investors.
“Benson Hill’s mission, focused on improving the sustainability and efficiency of the global agriculture and food supply chain, is aligned with CDPQ’s conviction that performance and progress go hand in hand,” said Mario Therrien, Head of Investment Funds and External Management at CDPQ. “As a company with deep technology expertise across the food and agriculture value chain, Benson Hill is well-equipped to deliver more sustainable options to consumers while helping reduce the agri-food industry’s carbon footprint. We are delighted to support its growth while delivering returns for our clients.”
The new investment, as part of Benson Hill’s broader Series D capital raise, will allow the company to continue advancing Cloud Biology® and CropOS™, enhance partner development efforts across the value chain and build out the supply chain for its novel food and feed ingredients to meet the growing demand for plant-based foods and premium animal feed markets. Benson Hill plans to commercialize a line of Ultra-High Protein soybean varieties this year and also plans to cultivate the same approach on sustainability-focused food and ingredient innovation in other high-growth market segments in the years to come.