Ostara Nutrient Recovery Technologies nabs $70m in Series C deal

The round's backers included Carica Sustainable Investments, Forage Capital Partners, the Cibus Funds and Grosvenor Food and AgTech.

  • Ostara offers innovative and sustainable solutions in phosphate management for growers focused on efficiently improving yields and protecting critical water sources
  • It will use the funds raised to complete construction of its St. Louis manufacturing facility
  • Once complete, the facility will produce 200,000 tons per year

Ostara Nutrient Recovery Technologies, a Vancouver-based maker of fertilizers and nutrient recovery technologies that positively impact both farmers’ yields and the environment, has raised $70 million in Series C financing.

The round’s backers included new investors, among them Carica Sustainable Investments, and existing investors Forage Capital Partners, the Cibus Funds and Grosvenor Food and AgTech.

Ostara offers innovative and sustainable solutions in phosphate management for growers focused on efficiently improving yields and protecting critical water sources. It will use the funds raised to complete construction of its St. Louis manufacturing facility, which will produce and ship its fertilizer to more North American farmers. Once complete, the facility will produce 200,000 tons per year.

“Growers are looking for more tools that increase the efficiency of applied nutrients, and reduce their required application rates, operational hassles, and environmental impacts. As a result, more and more growers and retailers are turning to Crystal Green’s innovative, highly efficient, phosphate fertilizers,” said Kerry Cebul, CEO of Ostara, in a statement. “Ostara is excited to rapidly increase our North American manufacturing base, enabling us to serve more US and Canadian farmers.”

Based in New York, Carica is a family office investment fund providing growth capital to help scale sustainable companies with proven business models.

Based in Calgary, Forage is a growth equity firm focused on investing in the Canadian agriculture and food industry.