Ostara has raised $70 million in Series C funding to increase production of its Crystal Green line of efficient, plant-available, granular phosphate fertilizers for agriculture, specialty and turf markets.
Ostara's Crystal Green is a new 100% plant-available high-efficiency phosphate fertilizer. The fertilizer only releases nutrients while root growth occurs; the organic acids break down the Crystal Green granule providing immediate phosphates for the plant. Crystal Green reduces soil tie-up, run off and leeching, feeding the nutrients to the crops instead of the soil.
Ostara St. Louis, Ltd. will bring 40 new, high-paying jobs to the St. Louis region and make a $25 million capital investment in the establishment of a Crystal Green fertilizer production facility in St. Louis, Missouri. The facility will be the company's largest in the U.S.
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