Utimco and Arch Venture Partners were part of a consortium that also featured corporates Monsanto and Syngenta, as well as other backers.
AgBiome, a US-based developer of agricultural products to improve crop productivity, secured $34.5m for a series B round yesterday from investors including University of Texas Investment Management Company (Utimco).
Utimco, the investment vehicle of University of Texas System, invested alongside Arch Venture Partners, the venture capital firm spun out University of Chicago’s tech transfer office, as well as Monsanto Growth Ventures and Syngenta Ventures, the respective corporate venturing arms of agrochemical company Monsanto and agribusiness Syngenta.
Bill & Melinda Gates…