Utimco returned to reinvest in AgBiome, having previously backed a $34.5m series B round for the UNC spinout in 2015.
AgBiome, a US-based agricultural technology spinout from University of North Carolina at Chapel Hill, raised $65m on Tuesday in a series C round that included University of Texas Investment Management Company (Utimco).
Utimco, the investment vehicle for University of Texas System, was joined Monsanto Growth Ventures, the corporate venturing division of agrochemical producer Monsanto, and financial services group Fidelity Management and Research.
The round was filled out by Polaris Partners, Arch Venture Partners, Innotech Advisers, Pontifax Global Food and Agriculture…
