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Investments

15

Portfolio Exits

2

Service Providers

1

About University of Texas Investment Management Company

Created in March 1996, UTIMCO is the first external investment corporation formed by a public university system and oversees investments for The University of Texas and Texas A&M Systems.

University of Texas Investment Management Company Headquarter Location

401 Congress Ave Suite 2800

Austin, Texas, 78701,

United States

512-225-1600

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Expert Collections containing University of Texas Investment Management Company

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Latest University of Texas Investment Management Company News

AgBiome Harvests $65 Million Financing Round

Jul 18, 2018

Research Triangle Park-based AgBiome, which harnesses plant microbiomes to develop novel crop protection products, has secured $65 million in Series C financing. The investment group includes The University of Texas Investment Management Company (UTIMCO), Fidelity Management and Research Company, Polaris Partners, ARCH Venture Partners, Innotech Advisers, Pontifax Global Food and Agriculture Technology Fund, and Monsanto Growth Ventures. The round included a total of 17 investors. The company, a 2013 spinout from the University of North Carolina at Chapel Hill, raised $34.5 million in 2015. It has also received investments form Harris and Harris Group and the Bill and Melinda Gates Foundation. AgBiome uses the plant microbiome to identify and develop genetic traits that provide resistance to pests. Its Genesis platform screens trillions of microbes, millions of gene sequences, and thousands of strains. It has discovered 3,500 new insect control genes and 200 active lead strains. Its products via AgBiome Innovations, a subsidiary founded in 2015 by AgBiome to manage the commercialization of its biological products, include “Howler,” a fungicide that has long-lasting activity on a broad spectrum of soilborne and foliar plant diseases. It can be used at every phase of production, from greenhouse to harvest. It’s used on strawberry, vegetable, blueberry and tobacco crops. Another, Alomar, provides immediate and long-lasting residual control from sucking and chewing insects on a broad range of crops. The active ingredient works on contact and through ingestion to control harmful insects at all life stages. Former Bayer CropScience executive Scott Uknes, co-CEO and board member of AgBiome, called the funding “a watershed moment for AgBiome, and for agriculture. The support from UTIMCO, Fidelity, Polaris, Arch and other investors allows us to realize our vision to be the leading innovator in agriculture.” Amir Nashat, managing partner of Polaris Partners and a member of AgBiome's board, added, “Polaris is delighted to participate in and support AgBiome's tremendous progress. This financing round will accelerate the company's trajectory to become the leading solution-based innovator in crop protection." John Rabby, commercial director of AgBiome Innovations, said in the announcement that the investment “enables AgBiome to develop markets for Howler and products that consist of combinations of biologicals and chemicals. These products will allow for the reduced use of necessary chemicals along with high efficacy that agriculture needs. This is a game-changing technology for agriculture.” Rabby also serves as chairman of the North Carolina Biotechnology Center’s board of directors.

University of Texas Investment Management Company Investments

15 Investments

University of Texas Investment Management Company has made 15 investments. Their latest investment was in AgBiome as part of their Series D on September 9, 2021.

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University of Texas Investment Management Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/14/2021

Series D

AgBiome

$116M

No

3

7/17/2018

Series C

AgBiome

$65M

No

3

11/23/2016

Unattributed - II

Grupo Los Grobo

$100M

Yes

1

9/8/2016

Series E

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$99M

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10

8/20/2015

Series B

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$99M

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10

Date

9/14/2021

7/17/2018

11/23/2016

9/8/2016

8/20/2015

Round

Series D

Series C

Unattributed - II

Series E

Series B

Company

AgBiome

AgBiome

Grupo Los Grobo

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Amount

$116M

$65M

$100M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

3

3

1

10

10

University of Texas Investment Management Company Portfolio Exits

2 Portfolio Exits

University of Texas Investment Management Company has 2 portfolio exits. Their latest portfolio exit was CardioSpectra on December 17, 2007.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/17/2007

Acquired

$99M

1/17/1992

IPO

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10

Date

12/17/2007

1/17/1992

Exit

Acquired

IPO

Companies

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Valuation

$99M

Acquirer

Subscribe to see more

Sources

10

University of Texas Investment Management Company Service Providers

1 Service Provider

University of Texas Investment Management Company has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

University of Texas Investment Management Company Team

4 Team Members

University of Texas Investment Management Company has 4 team members, including current Chief Executive Officer, Mark Warner.

Name

Work History

Title

Status

Mark Warner

Chief Executive Officer

Current

Patrick Pace

Citadel, AIG Investments, and UBS

Managing Director

Current

Bruce Zimmerman

Chief Executive Officer

Former

Suneel Kaji

Everstone Capital, Accordion Partners, The Rohatyn Group, and Global Emerging Markets

Senior Director

Former

Name

Mark Warner

Patrick Pace

Bruce Zimmerman

Suneel Kaji

Work History

Citadel, AIG Investments, and UBS

Everstone Capital, Accordion Partners, The Rohatyn Group, and Global Emerging Markets

Title

Chief Executive Officer

Managing Director

Chief Executive Officer

Senior Director

Status

Current

Current

Former

Former

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