The company anticipates submitting an application for its first product to the Environmental Protection
Agency in the next few weeks and hopes to begin selling it next year. That product, known internally
as Howler, is a natural, or biological, fungicide that can be used by organic farmers. Most biological
pesticides on the market today “just don’t work that well,” Tomso said. “Howler works as well as the
flagship chemical solutions that are out there,” he said. “This stuff really, really works.”
The Research Triangle Park company, which has only existed since the end of 2012 and which
previously raised $17.5 million from investors, intends to announce the new funding Thursday.
AgBiome has 36 full-time and 14 part-time employees, and expects to add “a half-dozen or
more” R&D employees this year and more than a dozen next year, said Dan Tomso, chief scientific
officer.The company also anticipates assembling a sales team, but wouldn’t begin to do that until
next year in conjunction with the anticipated regulatory approval of its first product,said Andrew
Graham chief financial officer.AgBiome isn’t disclosing its hiring plans for its sales team. AgBiome
plans to move into a new 30,000-square foot facility, which includes a 5,000-square foot greenhouse,
early next year. That space can accommodate up to 70 employees.AgBiome’s research is focused on
identifying novel microbes in plants such as corn and soybeans that can lead to more productive
crops. The investors in AgBiome’s latest round of funding include Syngenta Ventures, the venture
capital arm of agbio giant Syngenta, and the Bill & Melinda Gates Foundation, among others.