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Olin alum leads ag tech startup to new $2M funding round

Jerry Steiner, EMBA ’92, is CEO of CoverCress, a St. Louis-based ag tech startup. The company recently closed another round of financing as it moves toward the commercial launch of a new cash crop in 2021.

Middle-aged man in a sport coat and blue shirt in front of a wall of blue sculpture pieces
Steiner

Steiner has held the post since January 2015, two years after the company was founded as Arvegenix.

CoverCress closed its latest $2 million round of funding in November 2018. The funding round was co-led by Bayer Growth Ventures, the venture capital arm of Bayer and formerly Monsanto Growth Ventures; and BioGenerator, the investment arm of local nonprofit BioSTL. The round brings the company’s total funding to nearly $7 million, according to the St. Louis Business Journal.

CoverCress is based in the Helix Center, a plant science incubator run by the St. Louis Economic Development Partnership.

Read more in the Olin blog and in Inc. magazine.