Tracxn Research - Agricultural Biologicals Report, April 2017

Agricultural Biologicals Report – April 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Tracxn
World’s Largest Startup Research Platform
2

Agricultural Biologicals Report – April 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.3
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 10
Who is Investing 20
Exit Outlook - IPO, Acquisitions 24
Sub Sector Analysis 28
Interesting Companies 41
Useful Links 47
Company List 50
Team 92

Sector Overview
Scope of report
This report includes
• Companies leveraging biosciences to develop microbial products for either crop protection or crop nutrition or both
• Companies involved in the development of biological feed additives and feed supplements for livestock animals and
aquaculture
• Companies involved in the development of biological products for manure and water treatment in livestock and aquaculture
farms
• Companies involved in the development of enablers such as microbes for the subsequent development of biological
products for the agriculture industry
• Companies developing technologies to enable delivery and increase uptake of nutrients for plants, livestock animals and
aquaculture organisms – fish, shrimp, algae, etc.
This report excludes
• Suppliers of biological products developed by some other companies
• Companies having inorganic products as well as biological products in their portfolio with inorganic products being the
primary offering
The report contains equity as well as debt financing rounds.
Disclaimer: The information and data in the report is based on global developments tracked in the sector till February 16, 2017. This is to categorically state that any events
and relevant developments after the said date will not reflect in the report.

Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5

20
16
21
27
15
14
9
0
6
12
18
24
30
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
6
YoY – Number of companies founded
Terramera Agradis AgBiome Zymergen Agrimetis Anuvia Plant Nutrients YieldTech
Green & Grow AgroSavfe Apeel Sciences Indigo Nutrient Ascus Biosciences Trillium Ag

Upcoming Sectors
No. of Companies
Founded
Average
Age
No. of Companies
Funded
Business Model
Total
Funding
Example
60 Nov-2004 24 Crops > Crop Protection $390M indigoag.com
Indigo
2013, Cambridge
6 Jun-2005 4 Horizontal > Enablers $348M ginkgobioworks.com
Ginkgo Bioworks
2008, Boston
80 Jan-2006 28 Crops > Crop Nutrition $271M azotictechnologies.com
Agrinos
2009, Lysaker
61 Sep-1994 19
Livestock & Aquaculture > Feed
Additives
$77M agrivida.com
Agrivida
2002, Medford
24 May-2002 2 Horizontal > Developers $48M midwesternbioag.com
Midwestern BioAg
1984, Blue Mounds

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
8

YoY – Number of Rounds and Total Funding
$41M
$20M
$1M
$65M
$104M
$62M
$158M
$219M
$639M
10
8
4
12
15
16
26
30
32
0
7
14
21
28
35
0
140
280
420
560
700
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inMillions)
Funding Amount Number of Rounds

YoY – Number of Rounds by Stage
3 3 3
7
9
6
7 6
9
10
15
15
2 4
1
3
2 8
0
7
14
21
28
35
2011 2012 2013 2014 2015 2016
NumberofRounds
Seed Early Late

YoY – Funding by Stage
$1M $1M $1M $4M $5M $3M
$38M
$19M
$46M $59M
$165M
$314M
$25M
$27M
$3M
$47M
$23M
$267M
0
140
280
420
560
700
2011 2012 2013 2014 2015 2016
TotalFundingAmount(inMillions)
Seed Early Late

Average Ticket Size – Early Stage
$0.3M $0.3M $0.4M $0.5M $0.6M $0.4M
$5.5M
$3.2M
$5.1M $5.9M
$11.0M
$21.0M
$12.7M
$6.7M
$3.0M
$15.7M
$11.5M
$33.4M
0.0
8.0
16.0
24.0
32.0
40.0
2011 2012 2013 2014 2015 2016
Seed Series A Series B

Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
zymergen.com
Zymergen
(Emeryville, 2013)
$130M Series B Oct-2016
SoftBank, Data Collective, True Ventures, AME Cloud Ventures, Draper Fisher Jurvetson,
Innovation Endeavors, Obvious Ventures, Two Sigma Ventures, Iconiq Capital, Prelude
Ventures, Tao Capital Partners
ginkgobioworks.com
Ginkgo Bioworks
(Boston, 2008)
$100M Series C Jun-2016
Y Combinator, Senator Investment, Cascade Investment Group, Baillie Gifford, Viking
Global Investors, Allen & Company
indigoag.com
Indigo
(Cambridge, 2013)
$100M Series C Jul-2016 Alaska Permanent Fund, Flagship Ventures
indigoag.com
Indigo
(Cambridge, 2013)
$56M Series B Feb-2016 Flagship Ventures
apeelsciences.com
Apeel Sciences
(Santa Barbara, 2012)
$33M Series B Dec-2016 Andreessen Horowitz
agrimetis.com
Agrimetis
(Lutherville-timonium,
2014)
$24M Series B Jan-2017
Anterra Capital, RA Capital Management, Alexandria Real Estate Equities, Syngenta,
Acidophil
anuviaplantnutrients.com
Anuvia Plant Nutrients
(Zellwood, 2015)
$23M Series B Nov-2016
TPG, Osceola Capital Management, Pontifax Agtech, Florida Opportunity Fund, Evans
Properties
midwesternbioag.com
Midwestern BioAg
(Blue Mounds, 1984)
$21M Series C Nov-2016
Bison Capital Asset Management, S2G Ventures, TAU Investment, Madison Bay Capital
Partners

Company
Funding
Amount
Round
Name
Date Investors
agrivida.com
Agrivida
(Medford, 2002)
$20M Series E Sep-2016
ARCH Venture Partners, Cultivian Sandbox, Middleland Capital, KPCB, Northgate,
UTIMCO
vestaron.com
Vestaron
(Kalamazoo, 2001)
$18M Series D Aug-2016 Undisclosed
Pivot Bio
(Emeryville, 2010)
$16M Series A Mar-2016 Undisclosed
ascusbiosciences.com
Ascus Biosciences
(Vista, 2015)
$13M Series A Apr-2016 Undisclosed
terramera.com
Terramera
(Vancouver, 2010)
$10M Series A May-2016 S2G Ventures, Aca Investments, Bold Capital, Renewal Funds, Maumee Ventures
agrosavfe.be
AgroSavfe
(Ghent, 2011)
$9M Series B Sep-2016 Gimv, PMV, VIB, Qbic
crop-enhancement.com
Crop Enhancement
(Cambridge, 2011)
$9M Series B Sep-2016
Malaysian Life Sciences Capital Fund, 1955 Capital US, Bandgap Ventures, Phoenix
Venture Partners
BioConsortia
(Davis, 2014)
$8M Series C Nov-2016 Khosla Ventures, Otter Capital

Company
Funding
Amount
Round
Name
Date Investors
Inocucor
(Montreal, 2007)
$6M Series A Jun-2016
Cycle Capital Management, Desjardins, The Dorman Group of Companies, Closed Loop
Capital
BiOWiSH
(Cincinnati, 2007)
$5M Series B May-2016 Saturn Partners
adaptivesymbiotictechnolo
gies.com
Adaptive Symbiotic
Technologies
(Seattle, 2012)
$2M Series A Sep-2016 Twynam
knipbio.com
KnipBio
(Lowell, 2013)
$1M Seed Dec-2016 Undisclosed
pittmoss.com
PittMoss
(Ambridge, 2011)
$600k Seed Sep-2016 Undisclosed
agriscienceinc.com
AgriScience
(Peoria, 2015)
$551k Seed May-2016 Undisclosed
holganix.com
Holganix
(Glen Mills, 2010)
$250k Seed Jun-2016 Missouri Technology
sumaagro.com
Suma Agro
(Chennai, 2011)
$89k Seed Jul-2016 Ankur Capital

Company
Funding
Amount
Round
Name
Date Investors
Agrivida
(Medford, 2002)
Undisclosed Series E Feb-2017 Iowa Corn Opportunities, Technology Accel
Bi-Pa
(Londerzeel, 2015)
Undisclosed Seed Mar-2016 American Vanguard Corp
futurecobioscience.com
FutureCo Bioscience
(Barcelona, 1993)
Undisclosed PE Jan-2017 Sumitomo Corporation
levitycropscience.com
Levity Cropscience
(Lancaster, 2010)
Undisclosed PE Apr-2016 Undisclosed
terramera.com
Terramera
(Vancouver, 2010)
Undisclosed Series B Sep-2016 Ikea GreenTech
valagro.com
Valagro
(Atessa, 1980)
Undisclosed PE Oct-2016 Metalmark Capital

Funnel view of Sector
Percent of
Previous
31%
38%
69%
48%
24
12
25
36
95
304
0 50 100 150 200 250 300 350
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
19

Most Active Investors in Sector
5
4 4
3 3 3
2 2 2 2
0
1
2
4
5
6
Syngenta Cultivian
Sandbox
Fundo
Criatec
ARCH
Venture Partners
Middleland
Capital
Monsanto Anterra
Capital
Avrio
Capital
Novozymes Pontifax
AgTech
TotalNumberofCompanies
Agrivida Agrivida ImeveBiotecnologia Agrivida Agrivida Vestaron Axter Agroscience
AgBiome Vestaron Rizoflora AgBiome Plant Response Agrimetis AgribioticsPlant Response
AgBiome
Plant Response
AgBiome AgBiome
Anuvia Plant
Nutrients

Where are Top Investors investing
Syngenta
Cultivian
Sandbox
Fundo Criatec
ARCH
Venture
Partners
Middleland
Capital
Monsanto
Avrio
Capital
Anterra
Capital
Novozymes
Pontifax
AgTech
Crops
AgBiome,
Marrone Bio
Innovations,
Agrimetis,
Agrinos
Vestaron,
Novihum,
Asilomar Bio
Rizoflora, BR3
Agrobiotecnologia,
BUG Agentes
Biologicos
AgBiome
Plant
Response,
Groundwork
BioAg
AgBiome,
Plant
Response,
Preceres
Axter
Agroscience,
Agribiotics
Vestaron,
Agrimetis
AgBiome,
Plant
Response
AgBiome,
Anuvia Plant
Nutrients
Livestock &
Aquaculture
Agrivida Agrivida
Imeve
-Biotecnologia
Agrivida,
Trelys
Agrivida

Top Investor by Stage of Entry
Syngenta 3
Draper Fisher Jurvetson 2
Open Prairie Ventures 2
Otter Capital 2
Pangaea Ventures 2
Pontifax Agtech 2
1955 Capital US 1
AME Cloud Ventures 1
ARCH Venture Partners 1
Acidophil 1
Khosla Ventures 1
Syngenta 3
Cultivian Sandbox 2
Alaska Permanent Fund 1
Alexandria Real Estate
Equities
1
Allen & Company 1
Anterra Capital 1
BASF Venture Capital 1
Baillie Gifford 1
Bison Capital Asset
Management
1
Seed Series A Series B Later Stage
Monsanto 3
Data Collective 2
Novozymes 2
Open Prairie Ventures 2
Rabo Equity Advisors 2
Syngenta 2
AME Cloud Ventures 1
Aca Investments 1
Acidophil 1
Ben Franklin Technology
Partners
2
Aavishkaar 1
American Vanguard Corp 1
Ankur Capital 1
Avrio Capital 1
BlueTree Allied Angels 1
Cherrystone Angel Group 1
Connecticut Innovations 1
Cycle Capital Management 1
Innovation Works 1

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
23

Top IPOs in last three years
IPO Date Company Overview
Funding
Amount
Mcap at IPO
Exch:Ticker
May-2015 arcadiabio.com
Arcadia Biosciences
(Davis, 2002)
Development of agri input products using biosciences
National Institutes of Health, Silicon Valley Bank, Saints Capital, CMEA Capital, BASF,
USAID, Vilmorin & CIE, BASF Venture Capital, Mandala Capital, CMEA Ventures,
Presidio Partners, ARPA-E, NIDDK
$68.37M NASDAQ:RKDA

Major Acquisitions in last one year
Date Company Acquirer Deal Size Overview
Total
Funding
Jun-2016 rizoflora.com.br
Rizoflora
(Vicosa, 2006)
stoller.com.br Undisclosed
Developer of biological product to control nematodes
Fundo Criatec, Inseed Investimentos
Undisclosed
Feb-2016 algenetix.com
Algenetix
(San Diego, 2012)
zeakal.com Undisclosed
Single cell petrochemical alternatives using its proprietary
PhotoSeed technology
$2M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
26

February 2017Tracxn BlueBox : AgriTech
Cumulative funding in the sector
3000+ companies in the sector, 600+ funded in last 5 years, $1.5b invested in 2016/17
Most Active Investors: Khosla Ventures, Middleland Capital, Oxford Capital Partners, KPCB
Practice Area – Agriculture | Feed Name: AgriTech | Analysts: @prad_evolution , @ritesh_agr89
28
BioTech
Tech Platforms
Kaiima, Athenix
Waste Management
BioAmber
Cellular Ag
Impossible Foods, Modern
Meadow
Indoor Ag
AgriBusiness
AeroFarms, Sundrop Farms
Infrastructure
Growlife, Illumitex
Technolgy Providers
Agrilyst, Suma
Supply
Chain Tech
Processing Tech
MyCo Tech,
Heilongjiang Binxi Cattle
Storage Tech
BluWrap, PakSense
$2.8B
$371M
$433M
$241M
$659M
$24M
$321M
$313M
$146M
$39M
$107MFarm Inputs
AgBiome, Indigo
Infrastructure
LemnaTec, Metabolon
Breeding Tech
Arvegenix, Prairie Plant
GMO
AquaBounty, Oxitec
$14M
$75M
$1.6B
Infrastructure $34MMarket Linkages
Aquaculture
GFA, Hawaii Oceanic
Technologies
Irrigation
Netafim
Farm Produce
Tony’s Farm, Meicei
Farm Input
CloudFarm, DFS168
$564M
$34M
$465M
Agri Business
Agrochemicals
AgraQuest
$1B
$80M
Cultivation
Sapphire Energy, Heliae
$727M
$16M
$11M
Precision Ag
Farm Data & Analytics
The Climate Corp, Farmlink
Field Ops
Blue River Tech, Hortau
Farm Business
Management
Field Crops
Granular, Conservis
Livestock
Farmeron, Agriwebb
$1B
$386M
$663M
$11M
$82M
$94M
$30M
BiologicalsNote: Does not include Debt & Post IPO Financing

Crops $722M
Livestock & Aquaculture
Horizontal
Crop Protection
Indigo, Apeel Sciences
Horizontal
AgBiome, Plant Response
$380M
Crop Nutrition
Arcadia Bio, Agrinos
$225M $115M
Feed Additives
Agrivida, Ascus Biosciences
Waste and Water
Treatment
United-Tech
Horizontal
Blue Aqua
$77M
Enablers
Zymergen, Ginkgo Bioworks
Developers
Midwestern BioAg, BioWish
$77M
$394M
$348M $45M
Farm Inputs $1.6B
Biologicals
Indigo, AgBiome
Seeds
Agrivida, Ascus Bioscience
$461M
$1.2B
February 2017Tracxn BlueBox : Biologicals – Deep Dive
300+ companies in the sector, 50+ funded in last 5 years, $840M invested in 2016/17
Most Active Investors: Syngenta, Cultivian Sandbox, Middleland Capital, Arch Venture Partners,Fundo Criatec
Cumulative funding in the sectorBiologicalsNote: Does not include Debt & Post IPO Financing

Top Business Models by Funding
$775M
$396M
$78M
0
180
360
540
720
900
Crops Horizontal Livestock & Aquaculture
TotalFundingAmount(inMillions)
Avg. Age Feb-04 Jan-03 Jan-95
# Cos. 207 33 68
Indigo Zymergen Agrivida
Arcadia Biosciences Ginkgo Bioworks Ascus Biosciences

Crops – Business Model Description
Companies developing biological products either for crop protection or for crop nutrition in open-field agriculture
Crop Nutrition Horizontal Crop Protection
Companies developing biological
products for both crop protection and
crop nutrition
Companies involved in the development
of crop protection biological products
such as bio pesticides, beneficial insects
etc. Also includes companies developing
biologicals for mitigating abiotic stresses
and improving yields.
Companies developing microbial
products for crop nutrition and plant
growth stimulation

Crops – Entrepreneur Activity and Investment
Trend
$41M
$18M
$1M
$52M
$37M $50M
$124M
$96M
$298M
9
5
3
9
11
15
19
23 23
0
5
10
15
20
25
0
70
140
210
280
350
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
YoY – Total Funding and No. of Rounds
10
7
16 16
15
20
11 11
7
0
5
10
15
20
25
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofCompaniesFounded
YoY – No. of Companies Founded
80
36
15 13 13
8 5 3
0
18
36
54
72
90
USA India Spain Canada Israel UK Australia Argentina
NumberofCompanies
Distribution of Companies across Countries
$390M
$271M
$116M
0
90
180
270
360
450
Crop Protection Crop Nutrition Horizontal
BM wise Investment

Crops – Most Funded Companies
Company Overview Business Model
Funding
Amount
indigoag.com
Indigo
(2013, Cambridge)
Delivery of selective plant microbes through seed coatings for resistance to biotic and abiotic stresses
Flagship Ventures, Alaska Permanent Fund
Crops > Crop Protection >
Developers
$163.5M
arcadiabio.com
Arcadia Biosciences
(2002, Davis)
National Institutes of Health, Silicon Valley Bank, Saints Capital, CMEA Capital, BASF, USAID, Vilmorin &
CIE, BASF Venture Capital, Mandala Capital, CMEA Ventures, Presidio Partners, ARPA-E, NIDDK
Crops > Crop Nutrition >
Developers
$68.4M
agbiome.com
AgBiome
(2012, Raleigh)
Development of biological crop protection agrochemicals
Bill & Melinda Gates Foundation, Polaris Partners, ARCH Venture Partners, HHVC, Syngenta, Monsanto,
Novozymes, UTIMCO, Pontifax Agtech
Crops > Horizontal >
Developers
$52M
vestaron.com
Vestaron
(2001, Kalamazoo)
Developer of biologicals from peptides
Michigan Economic Development Corporation, Connecticut Innovations, Open Prairie Ventures, Anterra
Capital, Southwest Michigan First, Pangaea Ventures, Foundation for the National Institutes of Health,
Michigan Accelerator Fund I, Cultivian Sandbox
Developers
$46.3M
apeelsciences.com
Apeel Sciences
(2012, Santa Barbara)
Developer of fruit coating material for protection made from plant extracts
Andreessen Horowitz, Upfront Ventures, Tech Coast Angels, Double Bottom Line Investors
Developers
$40M
marronebioinnovations.com
Marrone Bio Innovations
(2006, Davis)
Biological products for crop protection
Labrador Ventures, Mitsui Global Investment, Stuart Mill Venture Partners, Saffron Hill Ventures, Point
Financial, Syngenta, Clean Pacific Ventures, Vencore Capital
Developers
$39.2M
agrimetis.com
Agrimetis
(2014, Lutherville-
timonium)
Developer of biologicals for crop protection
Acidophil, RA Capital Management, Syngenta, Anterra Capital, Alexandria Real Estate Equities,
Syngenta
Developers
$30M
agrinos.com
Agrinos
(2009, Lysaker)
Biological products for increased crop productivity
Syngenta
Developers
$27M

Horizontal – Business Model Description
Companies developing biological products for various domains of agriculture such as crops, livestock animals, and aquaculture
Developers Enablers
Companies developing tech platforms to enable
delivery of microbial solutions and nutrient
molecules to the plants or agriculture animals
(ruminants, birds, swine and fish)
Companies involved in the development of
biological products for various domains of
agriculture including crops, livestock animals, and
aquaculture

Horizontal – Entrepreneur Activity and
Investment Trend
$12M $2M $12M $8M
$107M
$256M
1 1 1
2
5
4
0
1
2
4
5
6
0
60
120
180
240
300
2011 2012 2013 2014 2015 2016
NumberofRounds
4
2
1
3
1 1
0
1
2
3
4
5
2008 2009 2010 2011 2012 2013 2014 2015 2016
13
4
2 2
1 1 1 1
0
3
6
8
11
14
USA India China Thailand Canada Italy France Lebanon
NumberofCompanies
$348M
$48M
0
80
160
240
320
400
Enablers Developers
BM wise Investment

Horizontal – Most Funded Companies
Funding
Amount
zymergen.com
Zymergen
(2013, Emeryville)
Combining synthetic biology, machine learning to engineer industry relevant microbes to
manufacture chemicals and new materials.
SoftBank, AME Cloud Ventures, Draper Fisher Jurvetson, True Ventures, Innovation Endeavors,
Data Collective, Iconiq Capital, Obvious Ventures, Two Sigma Ventures, Linden Mobile Ventures,
Mission Bay Capital, HVF Labs, Prelude Ventures, Tao Capital Partners
Horizontal > Enablers $174M
ginkgobioworks.com
Ginkgo Bioworks
(2008, Boston)
Organism design company that is building organisms to specification for customers across
markets including food, health and consumer goods.
Y Combinator, Felicis Ventures, Data Collective, Allen & Company, iGlobe Partners, Azure Capital
Partners, Vast Ventures, MassVentures, Baillie Gifford, iD Ventures America, Cascade Investment
Group, Viking Global Investors, the OS Fund, Senator Investment, CRCM Venture Capital, Eleven
Two Capital
midwesternbioag.com
Midwestern BioAg
(1984, Blue Mounds)
Production of molasses based fertilizers and animal feeds
TAU Investment, Bison Capital Asset Management, S2G Ventures, Madison Bay Capital Partners
Horizontal >
Developers
$29M
Mendel Biological
Solutions
(1997, Hayward)
Technology platform for developing biological products for agriculture
Capricorn LLC
biowishtechnologies.com
BiOWiSH
(2007, Cincinnati)
Agri-Business conglomerate with diversified business
Saturn Partners, Saturn Partners, Jado Investments
Horizontal >
Developers
$17M

Livestock & Aquaculture – Business Model
Description
Companies developing biological products for livestock farming and aquaculture industries
Feed Additives Horizontal Waste and Water Treatment
Companies developing biological feed
additives for livestock animals as well as
biological products for manure and water
treatment in livestock and aquaculture
farms
Companies developing products for
water or manure treatment in livestock
and aquaculture farms
Companies involved in the development
of biological feed additives and feed
supplements for livestock animals

Livestock & Aquaculture – Entrepreneur Activity
and Investment Trend
$24K $2M $2M
$65M
$26M $25M
$84M
1
3
1
2
3
5
4
5
0
1
2
4
5
6
0
18
36
54
72
90
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
4
1
2
5
4
3 3
1
0
1
2
4
5
6
2008 2009 2010 2011 2012 2013 2014 2015 2016
25
8
5 4 3 3 3 2
0
6
12
18
24
30
USA India UK France China Israel Netherlands Austria
NumberofCompanies

Livestock & Aquaculture – Most Funded
Companies
Funding
Amount
agrivida.com
Agrivida
(2002, Medford)
Develops nutritional enzymes and enzyme control platform
KPCB, Presidio Ventures, DAG Ventures, Northgate, Middleland Capital, HTGC, ARCH Venture
Partners, Bright Capital, Syngenta, Prairiegold Venture Partners, Alexandria Real Estate Equities,
Inctank Ventures, SNBL USA, United States Department of Agriculture, UTIMCO, Cultivian
Sandbox, Technology Accel, Sontag Foundation, GSV Financial Group, Iowa Corn Opportunities
Livestock &
Aquaculture > Feed
Additives > Developers
$61M
Ascus Biosciences
(2015, Vista)
Developer of microbial products for animal feed and crop nutrition
Livestock &
Aquaculture > Feed
$12.5M
knipbio.com
KnipBio
(2013, Lowell)
Developer of microbes for waste mitigation
Launchpad Venture Group, Boston Harbor Angels, Cherrystone Angel Group, Investors Circle,
IncWell, Boynton Angels, MassChallenge, Home Run Ventures, Iterate, The Ad Club
Livestock &
Aquaculture > Feed
$2.5M
jbsunited.com
jbsunited
(1956, Sheridan)
Research-based animal nutrition products for livestock farmers
Livestock &
Aquaculture > Feed
$1.5M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
40

Interesting Unfunded Companies
Company Overview
Business
Model
knipbio.com
Trillium Ag
(2016, Seattle)
Ribonucleic acid-based biological products for agriculture Crops > Horizontal > Developers
eden-shield.com
Growcentia
(2015, Fort Collins )
Microbial biostimulant for balancing nutrient uptake in crops Crops > Crop Nutrition > Developers
aquinovo.com
AGPW Group
(2013, Richland)
Technology platform for developing biological farm input for crops Crops > Horizontal > Enablers
Azotic Technologies
(2012, Chorley)
Development of Nitrogen fixation bacteria and its deployment technology Crops > Crop Nutrition > Developers
Curated list of companies by the sector analyst are defined as Interesting

Interesting Seed Companies
Total
Funding
knipbio.com
KnipBio
(2013, Lowell)
Launchpad Venture Group, Boston Harbor Angels, Cherrystone Angel Group,
Investors Circle, IncWell, Boynton Angels, MassChallenge, Home Run Ventures,
Iterate, The Ad Club
$2.71M
eden-shield.com
EdenShield
(2012)
Development of agrochemicals for crop protection from desert plants
OurCrowd, The Trendlines Group
Crops > Horizontal > Developers $1M
aquinovo.com
AquiNovo
(2015, Misgav)
Developer of specialized feed additive for aquaculture
The Trendlines Group
Undisclosed
Morflora
(2008, Israel)
Technology platform for trait introduction in plant seeds Crops > Horizontal > Enablers Undisclosed

Interesting Series A Companies
Total
Funding
Ascus Biosciences
(2015, Vista)
Developer of microbial products for animal feed and crop nutrition Livestock & Aquaculture > Feed
$12.69M
inocucor.com
Inocucor
(2007, Montreal)
Sustainable Biological Products for enhancing plant growth
Desjardins, Closed Loop Capital, Cycle Capital Management, The Dorman Group of
Companies
Developers
$8.6M
plantresponse.com
Plant Response
(2008, Madrid)
Research and development of advanced crop nutrients
Middleland Capital, Caixa Capital Risc, Monsanto, Novozymes
Crops > Horizontal > Developers $6.6M
botanocap.com
Botanocap
(2004, Tel Aviv)
Eco-Friendly pesticides
Infinity Group
Developers
$5.2M
Preceres
(2013, Cambridge)
RNA delivery technology developer for agriculture
Monsanto
Crops > Horizontal > Enablers Undisclosed

Interesting Series B Companies
Total
Funding
zymergen.com
Zymergen
(2013, Emeryville)
Combining synthetic biology, machine learning to engineer industry relevant microbes to
manufacture chemicals and new materials.
SoftBank, AME Cloud Ventures, Draper Fisher Jurvetson, True Ventures, Innovation Endeavors,
Data Collective, Iconiq Capital, Obvious Ventures, Two Sigma Ventures, Linden Mobile
Ventures, Mission Bay Capital, HVF Labs, Prelude Ventures, Tao Capital Partners
Horizontal > Enablers $174.14M
agbiome.com
AgBiome
(2012, Raleigh)
Development of biological crop protection agrochemicals
Bill & Melinda Gates Foundation, Polaris Partners, ARCH Venture Partners, HHVC, Syngenta,
Monsanto, Novozymes, UTIMCO, Pontifax Agtech
Crops > Horizontal >
Developers
$52M
apeelsciences.com
Apeel Sciences
(2012, Santa Barbara)
Developer of fruit coating material for protection made from plant extracts
Andreessen Horowitz, Upfront Ventures, Tech Coast Angels, Double Bottom Line Investors
Crops > Crop Protection
> Developers
$40M
agrimetis.com
Agrimetis
(2014, Lutherville-
timonium)
Developer of biologicals for crop protection
Acidophil, RA Capital Management, Syngenta, Anterra Capital, Alexandria Real Estate
Equities, Syngenta
> Developers
$29.8M
anuviaplantnutrients.com
(2015, Zellwood)
Developer of technology to produce crop nutrient from municiple bio waste
TPG, Shrieve, Pontifax Agtech, Florida Opportunity Fund, Osceola Capital Management, Evans
Properties
Crops > Crop Nutrition
> Developers
$23M
terramera.com
Terramera
(2010, Vancouver)
Developer of plant based biopesticides
Renewal Funds, Maumee Ventures, Aca Investments, S2G Ventures, Ikea GreenTech, Bold
Capital
> Developers
$10M
groundworkbioag.com
Groundwork BioAg
(2014, Mazor)
Producer of mycorrhizal fungi for better delivery of water and nutrients
Israel Cleantech Ventures, Middleland Capital, Rosey Rentals, L.P., BMO Global Asset
Management, ICV
> Developers

Interesting Late Stage Companies
Total
Funding
indigoag.com
Indigo
(2013, Cambridge)
Delivery of selective plant microbes through seed coatings for resistance to biotic and abiotic
stresses
Flagship Ventures, Alaska Permanent Fund
> Developers
$163.5M
ginkgobioworks.com
Ginkgo Bioworks
(2008, Boston)
Organism design company that is building organisms to specification for customers across
markets including food, health and consumer goods.
Y Combinator, Felicis Ventures, Data Collective, Allen & Company, iGlobe Partners, Azure Capital
Partners, Vast Ventures, MassVentures, Baillie Gifford, iD Ventures America, Cascade Investment
Group, Viking Global Investors, the OS Fund, Senator Investment, CRCM Venture Capital, Eleven
Two Capital
agrivida.com
Agrivida
(2002, Medford)
KPCB, Presidio Ventures, DAG Ventures, Northgate, Middleland Capital, HTGC, ARCH Venture
Partners, Bright Capital, Syngenta, Prairiegold Venture Partners, Alexandria Real Estate Equities,
Inctank Ventures, SNBL USA, United States Department of Agriculture, UTIMCO, Cultivian
Sandbox, Technology Accel, Sontag Foundation, GSV Financial Group, Iowa Corn Opportunities
Livestock &
Aquaculture > Feed
$61.01M
vestaron.com
Vestaron
(2001, Kalamazoo)
Developer of biologicals from peptides
Michigan Economic Development Corporation, Connecticut Innovations, Open Prairie Ventures,
Anterra Capital, Southwest Michigan First, Pangaea Ventures, Foundation for the National
Institutes of Health, Michigan Accelerator Fund I, Cultivian Sandbox
> Developers
$46.25M
BioConsortia
(2014, Davis)
Biotechnology products for increased crop yield
Khosla Ventures, Otter Capital, Square 1 Bank
> Developers
$23M

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
46

Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Crops – Most Funded Companies Sub Sector Understand Link
Livestock & Aquaculture – Most Funded companies Sub Sector Understand Link
Horizontal – Most Funded Companies Sub Sector Understand Link

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
49

Agricultural Biologicals – Company List
Crops Horizontal Livestock & Aquaculture
96 FUNDED COMPANIES AND 208 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

Crops (1/26)
Company Overview Business Model Total Funding
Arcadia Biosciences
(2002, Davis)
National Institutes of Health, Silicon Valley Bank, Saints Capital, CMEA
Capital, BASF, USAID, Vilmorin & CIE, BASF Venture Capital, Mandala
Capital, CMEA Ventures, Presidio Partners, ARPA-E, NIDDK
Crop Nutrition > Developers $68.37M
Agrinos
(2009, Lysaker)
Biological products for increased crop productivity
Syngenta Crop Nutrition > Developers $27M
NewLeaf Symbiotics
(1999, St. Louis)
Developer of pink pigmented facultative methylotrophs and solutions
to deliver these to crops
Open Prairie Ventures, RockPort Capital, Otter Capital, Pangaea
Ventures
Crop Nutrition > Developers $24M
Agradis
(2011, St. Louis)
Developer of microbes to improve crop productivity
Draper Fisher Jurvetson Crop Nutrition > Developers $24M
(2015, Zellwood)
Developer of technology to produce crop nutrient from municiple bio
waste
TPG, Shrieve, Pontifax Agtech, Florida Opportunity Fund, Osceola
Capital Management, Evans Properties
Crop Nutrition > Developers $23M
BioConsortia
(2014, Davis)
Biotech products for increased crop yield
Khosla Ventures, Otter Capital, Square 1 Bank
Crop Nutrition > Developers
$23M
Inocucor
(2007, Montreal)
Sustainable Biological Products for enhancing plant growth
Desjardins, Closed Loop Capital, Cycle Capital Management, The
Dorman Group of Companies
Go to BM List >> Horizontal

Crops (2/26)
Green & Grow
(2010, Austin)
Biologically derived agricultural products
Otter Capital Crop Nutrition > Developers $7.6M
Adaptive Symbiotic
Technologies
(2012, Seattle)
Developing a breed of fungus to act as a symbiotic crop nutrient
Twynam Crop Nutrition > Developers $6.4M
Grower's Secret
(1998, San Francisco)
Development and production of bio-growth stimulants
Cocoa Corp
(2011, Chicago)
Manufacturer of compost-based fertilizer from organic residuals
Holganix
(2010, Glen Mills)
Produces bio-active organic fertilizers
Ben Franklin Technology Partners, Originate Ventures, Missouri
Technology, Yield Lab
PittMoss
(2011, Ambridge)
Eco-friendly peat moss substitute made from recycled paper
Ben Franklin Technology Partners, Innovation Works, BlueTree Allied
Angels
Ultra Gro LLC
(1985, Madera)
Liquid fertility products manufacturer and supplier
Central Valley Fund Crop Nutrition > Developers $1M
Gantec
(2005, Midland)
Developer of bioactive formulations for enhanced crop productivity
Crop Nutrition > Developers $777k

Crops (3/26)
AgriScience
(2015, Peoria)
Sensor and soil agent powered smart soil systems for precision ag
Crop Nutrition > Developers $551k
Suma Agro
(2011, Chennai)
Manufactures biological soil nutrients and conditioners
Ankur Capital Crop Nutrition > Developers $89.5k
Azotic Technologies
(2012, Chorley)
Develops nitrogen fixing bacteria and its deployment technology
Nutrient
(2014, San Francisco)
Organic and Vegan products for increased yield.
Axter Agroscience
(2008, Montreal)
Production of bio stimulants for crop nutrition and protection
Avrio Capital Crop Nutrition > Developers
Koch Agronomic Services
(2010, Wichita)
Developer of delivery technologies for crop nutrition
FBSciences
(2007, Collierville)
Developer of fertilizer and crop protection additives
Agricen
(1998, Frisco)
Developer of biochemical crop and soil additives

Crops (4/26)

Crops (5/26)

Crops (6/26)

Crops (7/26)

Crops (8/26)

Crops (9/26)

Crops (10/26)

Crops (11/26)

Crops (12/26)

Crops (13/26)

Crops (14/26)

Crops (15/26)

Crops (16/26)

Crops (17/26)

Crops (18/26)

Crops (19/26)

Crops (20/26)

Crops (21/26)

Crops (22/26)

Crops (23/26)

Crops (24/26)

Crops (25/26)

Crops (26/26)

Horizontal (1/5)
Midwestern BioAg
(1984, Blue Mounds)
Production of molasses based fertilizers and animal feeds
TAU Investment, Bison Capital Asset Management, S2G Ventures,
Madison Bay Capital Partners
Developers $29.05M
BiOWiSH
(2007, Cincinnati)
Agri-Business conglomerate with diversified business
Saturn Partners, Saturn Partners, Jado Investments Developers $16.74M
Green Innovation
Biotechnology
(Bangkok)
Biological solutions for plant growth and aquaculture waste
degradation Developers
InterConsocio
(1992, Guayaquil)
Biological solutions for agriculture and aquaculture
Developers
SKS Bioproducts
(2008, Gudivada)
Development and production of biological farm inputs
Developers
Organica Biotech
(2000, Mumbai)
Manufactures immunity boosting nutrients for crop and aquaculture.
Developers
Advanced Bio Agro Tech
(2007, Pune)
Biological products for livestock animals and agriculture
Developers
Microferm
(1985, Malvern)
Biological products for crop and livestock farming
Developers
Crops << Go to BM List >>
Livestock &
Aquaculture

Horizontal (2/5)
Livestock &
Aquaculture

Horizontal (3/5)
Livestock &
Aquaculture

Horizontal (4/5)
Livestock &
Aquaculture

Horizontal (5/5)
Livestock &
Aquaculture

Livestock & Aquaculture (1/9)
Agrivida
(2002, Medford)
KPCB, Presidio Ventures, DAG Ventures, Northgate, Middleland Capital,
HTGC, ARCH Venture Partners, Bright Capital, Syngenta, Prairiegold
Venture Partners, Alexandria Real Estate Equities, Inctank Ventures,
SNBL USA, United States Department of Agriculture, UTIMCO, Cultivian
Sandbox, Technology Accel, Sontag Foundation, GSV Financial Group,
Iowa Corn Opportunities
Feed Additives > Developers $61.01M
Ascus Biosciences
(2015, Vista)
Developer of microbial products for animal feed and crop nutrition
KnipBio
(2013, Lowell)
Launchpad Venture Group, Boston Harbor Angels, Cherrystone Angel
Group, Investors Circle, IncWell, Boynton Angels, MassChallenge, Home
Run Ventures, Iterate, The Ad Club
jbsunited
(1956, Sheridan)
Research-based animal nutrition products for livestock farmers
Home Grown Ponics
(2013, Hayward)
Production of aquaponic sustenance supplies including fish protection
and nutrition Feed Additives > Developers
Provimi
(Rotterdam)
Developer of heat mitigation nutritional material for cattle and feed
additives/formulations for poultry
Permira, PAI Partners
Feed Additives > Developers
Pacific Vet Group
(2008, Fayetteville)
Feed additives and end products for poultry
Feed Additives > Developers
Horizontal << Go to BM List

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
91

Team
Ritesh Agrawal
Senior Analyst, Agriculture Practice
Pradyumna Murhar
Lead Analyst, Agriculture Practice

Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not
limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute,
transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or
distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts,
abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the
source of information.
Further information please refer to our Terms of Use at www.tracxn.com Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.

Tracxn Research - Agricultural Biologicals Report, April 2017

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Tracxn Research - Agricultural Biologicals Report, April 2017

Similar to Tracxn Research - Agricultural Biologicals Report, April 2017 (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn Research - Agricultural Biologicals Report, April 2017