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.
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.