Bain Capital
OUR PORTFOLIO

Providing US farmers with sustainable soil solutions

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Portfolio Link Arrowbwfusion.com
  • STATUS

    Active

  • YEAR

    2024

  • Location

    Fort Wayne, Indiana and Fonda, Iowa

  • IMPACT METRICS
    6.01M

    Acres with BW Fusion seed care technologies1Source: BW Fusion proprietary data and reflects the number of acres leveraging BW Fusion’s “Dust” technology, which is a patented seed lubricant made from soy protein and is both biodegradable and free from talc and graphite. Data as of December 31, 2025.

    280K+

    Acres with BW Fusion precision Ag prescriptions1Source: BW Fusion proprietary data represents total acres of farmland covered by BW Fusion’s BaselineRX product, which provides soil test and recommended course of action for farmers. Data as of December 31, 2025.

BW Fusion’s comprehensive biological and micro-nutrient solutions improve crop yields while enabling farmers to reduce reliance on less sustainable, traditional crop inputs. Double Impact’s 2024 investment in BW Fusion consolidated previous strategic alliances with the environmental microbiology company Biodyne and the tech-enabled crop analytics software Agronomy 365. This new platform enables precise agronomic insight and product solutions to increase crop yields for farmers.

Impact thesis

Many practices and technologies tha thave transformed the agriculture sector over the past century have also caused significant environmental harm. BW Fusion’s comprehensive biological and micro-nutrient solutions aim to improve crop yields while enabling farmers to reduce reliance on less sustainable, traditional crop inputs.

BW Fusion manufactures and distributes biological crop nutrition products that seek to enhance soil health, increase crop yield, and improve farm-level income. In addition, the company’s products are complemented by its proprietary software, Ag365, which uses farmer-submitted data, soil, and tissue testing to deliver precise agronomic insights and recommendations for product use, optimizing results and minimizing waste.

Opportunity and investment

Recent technological advances have improved the return on investment associated with biological crop nutrition products.1Source: BW Fusion proprietary data as of March 10, 2025 ; U.S. Fertilizers Market Report (last updated October 2025). In parallel, awareness of the agricultural sector’s environmental impact continues to grow, leading to increased growth and adoption of more sustainable solutions within the industry. We believe BW Fusion is distinctly positioned to capture these market tailwinds.

“We are excited to collaborate with BW Fusion to deliver a complete solution to our farmers that fuses leading agronomy, environmental microbiology, and grower-support. We believe scaling BW Fusion not only helps farmers but also the environment.”
Jacob Donnelly / Partner / Bain Capital
Jacob Donnelly / Partner / Bain Capital

Double Impact’s late 2024 investment in BW Fusion consolidated a previous strategic alliance between BW Fusion, Biodyne, an environmental microbiology company, and Agronomy 365, a tech-enabled crop analytics and management program. As a result, our investment created a new platform that marries Biodyne’ s 30+ years of microbiology expertise, Agronomy 365’s data and software tools, and BW Fusion’s product development, manufacturing, and commercial capabilities.

BW Fusion partnered with Double Impact due to our experience investing in founder-led businesses, scaling new technologies, as well as our reputation as a hands-on partner to help build needed capabilities. We believe we have the expertise to help BW Fusion build the necessary team, infrastructure, and processes to propel the company to the next level.

Value creation

Double Impact’s partnership with BW Fusion is off to a strong start. Together, the teams have focused on three key areas for growth:

Growth in core geographies

We are collaborating closely with the BW Fusion team to scale their go-to-market efforts and further penetrate existing and near-adjacent geographies.

“Partnering with Bain Capital strengthens our ability to deliver biological and data-driven solutions that can help growers achieve higher, more sustainable yields.”1 These endorsements are provided by certain CEOs and or founders of investments held by certain investment vehicles advised by Bain Capital affiliate investment advisers. None of these CEOs and or founders were directly compensated for providing these endorsements, however, the funds have made investments into such CEOs and or founders’ companies. As a result of this investment, a conflict of interest exists because the CEOs and or founders have an incentive to make positive statements about Bain Capital and their experiences with Bain Capital to maintain the goodwill with Bain Capital.
Jason Schley / Chief Agronomy & Product Officer / BW Fusion
Jason Schley / Chief Agronomy & Product Officer / BW Fusion
Investment in product development

We made critical investments in Ag365 to further data-driven insights for customers and acquired Low Mu Tech to improve the product development process and strengthen the portfolio.

Employee equity program

As part of Double Impact’s investment, BW Fusion launched the company’s first broad-based employee equity program, designed to align employee incentives to help maximize company value creation. The program, known as Crop Stock, enables employees to share in the company’s financial success as it scales in the coming years.

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