Today our portfolio company, Benson Hill, began trading on The New York Stock Exchange under the new ticker symbol “BHIL” following the approval of their business combination with Star Peak Corp II (“Star Peak”), a special purpose acquisition company in the sustainability space. We are thrilled to see Benson Hill achieve this exciting milestone, which supports their rapid growth in the forecasted $140 billion plant-based meat segment and broader $5 trillion agri-food industry.
Benson Hill empowers innovators to unlock nature’s genetic diversity from plant to plate, with the purpose of creating healthier, great-tasting food and ingredient options that are both widely accessible and sustainable. Its CropOS® platform is a cutting-edge food innovation engine that combines data science and machine learning with biology and genetics to both shorten the breeding process and optimize for quality traits such as nutrition and flavor profiles.
It has been an honor to partner with Matt Crisp and the team at Benson Hill from our first investment in 2017 to today as they enter the public markets. Matt and the team at Benson were a visionary about the expanding the role of genetics and biodiversity - one that helped consumers get more flavorful and nutritious food as well as create a closed loop supply chain where farmer profitability increases. They are the forefront of the plant based revolution today but have the potential to be the bridge between the 20th century commodity food system to the 21st food system that is more sustainable and healthy.
At S2G, it's our mission to back trailblazing entrepreneurs who are working to build a healthier and more sustainable food system. Entrepreneurs are on the frontlines every day, working hard to innovate and bring new products to market that are making food healthier, more sustainable and more accessible. It’s our goal to support them in their journey and we look forward to continuing to support entrepreneurs that create better outcomes for human health and well-being. We invite you to learn about the innovative companies in our portfolio and hear their stories on our blog Seeding Change and podcast Where We Grow From Here.