Pontifax AgTech Achieves 2nd Exit as Precision Biosciences IPOs with $870m Valuation

Precision Biosciences, the gene-editing startup, started trading on the Nasdaq stock exchange today after raising a $126.4 million IPO, valuing the company at $870 million. The IPO will achieve an exit for growth stage agrifood tech investor Pontifax AgTech, which invested $12.5 million in Precision Bioscience’s $110 million Series B in July 2018 and its subsequent pre-IPO convertible note financing in February 2019. Pontifax AgTech targets returns of three times its investments and sources close to the deal said it is likely the Precision Biosciences exit will come close; shareholders can only sell their shares 180 days after a company starts trading on a public exchange so it’ll be some ti

Concentric Ag Named to THRIVE Top 5 for Second Consecutive Year

Annual report ranks top 50 leading global agriculture innovators DENVER, March 11, 2019 — Concentric Ag Corporation, a developer of biological and plant nutrient inputs, has been included for the second consecutive year in SVG Ventures’ 2019 THRIVE Top 50 ranking of leading global agtech companies that exemplify the best in agriculture and food-focused innovation. The THRIVE Top 50 will be acknowledged at the THRIVE AgTech Innovation Summit in Santa Clara, Calif., on March 27, an annual gathering of 250 agribusiness companies and growers from California and the Midwest. THRIVE Top 50 companies were selected from a field of 1,500 global agriculture technology companies across six different te

AGBIOME INNOVATIONS ADDS LEKTIVAR 40SC TO GROWING PRODUCT PORTFOLIO

Research Triangle Park, NC (March 7, 2019) -- Today, AgBiome Innovations™, the commercial arm of AgBiome™, introduced Lektivar™ 40SC, a novel fungicide (fluazinam) that provides superior control of foliar and soil-borne diseases to include white mold, southern blight, downy mildew, early blight, and many others. “We are excited to have Lektivar 40SC in our portfolio,” Ted Piatt, Sales Director at AgBiome Innovations says, “With low use rates, flexible application methods, long residual and quick rainfastness, it is an excellent choice for a variety of crops such as lettuce, onions, peanuts, potatoes, cucurbits, and many more.” Lektivar 40SC employs multiple modes of action to control disease

Recent Posts
Archive

2025 S Westgate Ave, First Floor, Los Angeles, CA 90025

info@pontifaxagtech.com  |  323-306-9970 

© 2014 Pontifax Global Food and Agriculture Technology Fund LP

  • LinkedIn Social Icon