Ostara manufactures Crystal Green® (5-28-0 with 10%Mg), a granular phosphate fertilizer that naturally releases nutrients in response to plant demand and is designed to maximize yield while reducing runoff and leaching. The company sells Crystal Green through a network of retailers and distributors across North America and Europe and serves the agriculture, turf, and ornamental sectors. Ostara emphasizes the product’s unique organic acid solubility and environmental benefits compared with conventional phosphate fertilizers. The USDA awarded the company a $7.6M grant to support increased U.S. production, signaling public-sector backing for expansion. Grant funds will be used to build a new production facility in St. Louis with capacity to produce over 200,000 tons of Crystal Green. Construction was scheduled for completion in summer 2023 to supply growers that fall. Ostara manufactures Crystal Green® — a line of highly efficient, plant-available granular phosphate fertilizers sold into agriculture, specialty, and turf markets. The company’s products are designed to increase yields, reduce phosphate tie-up, and limit runoff and leaching to protect waterways. Ostara announced a US$70 million Series C to scale North American production and complete a new manufacturing facility in St. Louis. The soon-to-be commissioned plant is planned to produce 200,000 tons per year and supply product in time for the 2024 growing season. Ostara says the expanded manufacturing base will allow it to serve more U.S. and Canadian farmers through its existing retailer and distributor networks in North America and Europe. The buildout is also expected to create dozens of new jobs in the St. Louis region and increase resiliency of the North American fertilizer supply chain. Ostara produces Crystal Green® fertilizers, described in the release as the first slow‑release phosphorus fertilizers that release nutrients in response to plant demand (Root‑Activated™ granules). The company also develops Pearl® technology to recover phosphorus and nitrogen from industrial, agricultural, and municipal water streams and transform those nutrients into its premium fertilizers. Crystal Green® products are sold into the agriculture and turf sectors through a network of established distributors in North America and Europe. Ostara says its granules increase yields, enhance soil health and significantly reduce phosphorus tie‑up and runoff, helping protect waterways. The company closed a US$20M financing to acquire and upgrade a strategically located fertilizer production facility in Missouri to significantly scale up Crystal Green® production. Participating investors named in the release include Forage Capital, Export Development Canada, ADM Capital’s advised Cibus Enterprise Fund and Wheatsheaf Group. Ostara’s Pearl® technology captures phosphorus and nitrogen from water streams and converts the nutrients into Crystal Green® continuous‑release fertilizers sold to agriculture and turf markets. Crystal Green® Root‑Activated™ granules are positioned to increase crop yields, enhance soil health, and reduce phosphorus runoff. The company sells through established distributor networks in North America and Europe and is scaling fertilizer production. As part of that scale‑up, Ostara closed the second tranche of a prior equity financing for approximately US$5.0 million in December 2019. It also closed a new US$5.0 million working‑capital credit facility to support ongoing production ramp and to augment an existing credit facility with Comerica Bank. The company frames its product as a circular solution that helps clean water while supplying regenerative fertilizer to farmers. Ostara uses its Pearl® technology to recover phosphorus and nitrogen from industrial, agricultural, and municipal water streams and transforms those nutrients into Crystal Green® fertilizers. Crystal Green® is marketed as a premium, Root‑Activated™ slow‑release phosphorus fertilizer designed to release nutrients in response to plant demand and to reduce phosphorus runoff. The company sells into the agriculture and turf sectors through an established distributor network in North America and Europe. Ostara recently scaled production, contracting additional tolling capacity in the Southwestern US and operating a Southeastern US‑based toll granulator to meet rising demand. Management reported selling more than four times the volumes of Crystal Green® compared with the prior fiscal year and expects to significantly exceed that pace. Proceeds from the current financing are intended to fast‑track production scale‑up, capacity enhancements, and to support continued growth of fertilizer and nutrient recovery system sales in the US, Europe and Asia.

Total raised

$138M

Funding rounds

9

Latest round

Grant

Latest activity

Mar 2023