Concentric Ag

About Concentric Ag

Concentric Ag, formerly known as Inocucor, operates within the agricultural technology sector, specializing in the development of microbe-based crop nutrition products. The company was founded in 2007 by Dr. Margaret Bywater-Ekegärd, a molecular pathologist and medical doctor, and Ananda Lynn Fitzsimmons, a self-taught biologist and organic gardener. Their collaboration began with the idea of using microbial communities to improve plant health and yield, a concept that formed the foundation of the company.

The core of Concentric Ag's business is its proprietary fermentation platform, which combines multiple beneficial bacteria and yeasts into potent soil and plant boosters. This technology is designed to address the entire phyto-microbiome—encompassing seeds, plants, root systems, and the surrounding soil. The company's products function as natural growth optimizers, helping to improve nutrient availability, particularly phosphorus and potassium, which are often locked up in the soil. By making these nutrients accessible, the products aim to increase crop yields, enhance plant biomass, and promote earlier maturation of fruits and vegetables. The business model centers on manufacturing and selling these biological and essential plant nutrient inputs to growers of specialty and broadacre crops. Initially, the company targeted organic growers before expanding to traditional farmers.

A significant milestone in the company's history was its name change from Inocucor to Concentric Ag in May 2018, a move intended to mark its transition from a startup to an established commercial entity. This transition was supported by substantial venture capital funding, with the company raising approximately $70 million by late 2018. A key strategic move was the acquisition of ATP Nutrition, a producer of science-based plant nutrients, in April 2018. This acquisition allowed Concentric to combine its biologicals with plant nutrients, creating integrated product offerings for farmers. The company operates with a U.S. headquarters in Centennial, Colorado, and a Canadian headquarters and R&D technical center in Montreal.