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NexSteppe

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Optimized sorghum feedstock for biofuels and biopower

San Francisco, United StatesFounded 2010Biotech & Life Sciences
Valuation $10–25M Last recorded · 2016
Total funding $50–100M Disclosed equity funding
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About NexSteppe

NexSteppe developed and commercialized crops specifically for the biofuels, biopower, and biobased product industries. The company was founded in 2010 by Anna Rath, who served as its President and CEO. Rath, a pioneer in the dedicated energy crop sector, previously built and launched the energy crop business for Ceres and was a consultant at McKinsey & Co. Her background includes a JD from Yale Law School, an MS in Genetics from the University of Michigan, and a BA in Biology.

NexSteppe focused on pioneering scalable and cost-effective feedstock solutions by using advanced breeding and analytical technologies to develop specific sorghum varieties, such as Malibu sweet sorghum and Palo Alto biomass sorghum. The business model was centered on developing and selling the seeds for these specialized crops, which were designed to be used as fuel. The company's goal was to provide a reliable and sustainable fuel supply for technology and project developers in the bioenergy space. By 2016, NexSteppe had expanded its operations to the U.S., Brazil, Europe, and China, with commercial partners testing its products in over twenty countries. It appears the company was acquired by Monsanto, which itself was later acquired by Bayer in a deal that closed in 2018.

Source: Dealroom company data

At a glance

Founded
2010
Headquarters
San Francisco, United States
Sector
Biotech & Life Sciences

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Terawatt Ventures
  • DuPont Capital Management

Series A2 investors entered at this stage

  • Braemar Energy Ventures
  • Zygote Ventures

Series B and later3 investors entered at this stage

  • DuPont
  • ELFH Holding
  • CYM Ventures
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · San Francisco HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NexSteppe on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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