Monsanto and Syngenta returned as part of a consortium that increased AgBiome's overall funding to $49m as it prepares to launch a fungicide next year.
AgBiome, a US-based developer of agricultural products to improve crop productivity, secured $34.5m in series B funding yesterday from investors including agrochemical company Monsanto and agribusiness Syngenta.
The companies invested through their Monsanto Growth Ventures and Syngenta Ventures units.
The round also featured University of Texas Investment Management Company, the investment vehicle of University of Texas System, Arch Venture Partners, Bill & Melinda Gates Foundation, Pontifax Global Food and Agriculture Technology Fund, Polaris Partners, Harris & Harris Group and Innotech…
