About Oxitec
Oxitec is a company based in Abingdon (United Kingdom) founded in 2002 was acquired by Precigen in August 2015.. Oxitec has raised $26.43 million across 10 funding rounds from investors including Gates Foundation, Precigen and Wellcome. The company has 78 employees as of December 31, 2021. Oxitec offers products and services including Friendly™ Aedes Program, Friendly™ Fall Armyworm, Friendly™ Cattle Tick, Friendly™ Soybean Looper, and Friendly™ Mediterranean Fruit Fly. Oxitec operates in a competitive market with competitors including BioPhero, Bee Vectoring Tech, Beneficial Insectary, Agrobio and Phyllom BioProducts, among others.
- Headquarter Abingdon, United Kingdom
- Employees 78 as on 31 Dec, 2021
-
Sectors
Agriculture
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Oxitec Limited
- Date of Incorporation 15 Aug, 2002
- Jurisdiction ABINGDON, OXFORDSHIRE, ENGLAND
-
Annual Revenue
$1.55 M (USD)315as on Dec 31, 2016
-
Net Profit
$-7.65 M (USD)17as on Dec 31, 2016
-
EBITDA
-
Total Equity Funding
$26.43 M (USD)
in 10 rounds
-
Latest Funding Round
$18 M (USD), Grant
Apr 20, 2022
-
Investors
Gates Foundation
& 5 more
-
Employee Count
78
as on Dec 31, 2021
-
Acquired by
Precigen
(Aug 10, 2015)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Oxitec
Oxitec offers a comprehensive portfolio of products and services, including Friendly™ Aedes Program, Friendly™ Fall Armyworm, Friendly™ Cattle Tick, Friendly™ Soybean Looper, and Friendly™ Mediterranean Fruit Fly. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Biological method to control Aedes mosquitoes transmitting diseases like dengue.
Technology to manage fall armyworm pests damaging global crops.
Solution for controlling ticks that harm livestock and spread diseases.
Program to reduce soybean looper pests affecting agricultural yields.
Biological control for fruit flies impacting orchards and food production.
Unlock access to complete
Funding Insights of Oxitec
Oxitec has successfully raised a total of $26.43M across 10 strategic funding rounds. The most recent funding activity was a Grant round of $18 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Grant — $18.0M
-
First Round
First Round
(01 Jun 2002)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Grant - Oxitec | Valuation |
investors |
|
| Apr, 2021 | Amount | Series B - Oxitec | Valuation | Wellcome |
|
| Sep, 2015 | Amount | Grant - Oxitec | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oxitec
Oxitec has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Gates Foundation, Precigen and Wellcome. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage venture capital is invested in UK technology sectors.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
Charitable foundation investments on poverty reduction and healthcare
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Oxitec
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Oxitec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oxitec Comparisons
Competitors of Oxitec
Oxitec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BioPhero, Bee Vectoring Tech, Beneficial Insectary, Agrobio and Phyllom BioProducts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insect pheromones for pest management are produced and supplied.
|
|
| domain | founded_year | HQ Location |
Bee vectoring technology is developed for organic plant protection.
|
|
| domain | founded_year | HQ Location |
Beneficial insects and mites are mass-produced for agricultural pest control.
|
|
| domain | founded_year | HQ Location |
Agrobio is engaged in biological pest control and pollination.
|
|
| domain | founded_year | HQ Location |
Producer and supplier of biological pest control agents
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Oxitec
Frequently Asked Questions about Oxitec
When was Oxitec founded?
Oxitec was founded in 2002.
Where is Oxitec located?
Oxitec is headquartered in Abingdon, United Kingdom. It is registered at Abingdon, Oxfordshire, United Kingdom.
Who is the current CEO of Oxitec?
Grey Frandsen is the current CEO of Oxitec.
Is Oxitec a funded company?
Oxitec is a funded company, having raised a total of $26.43M across 10 funding rounds to date. The company's 1st funding round was a Grant of $171.83K, raised on Jun 01, 2002.
How many employees does Oxitec have?
As of Dec 31, 2021, the latest employee count at Oxitec is 78.
What is the annual revenue of Oxitec?
Annual revenue of Oxitec is $1.55M as on Dec 31, 2016.
What does Oxitec do?
Oxitec was founded in 2002 in Abingdon, United Kingdom, and operates in the biotechnology sector. Genetically modified insects are created by the company to reduce pest populations through targeted releases. Services are provided primarily to governments in developing countries, with a business model based on recurring payments for periodic insect deployments. Operations focus on sustainable pest control methods without broad environmental impacts.
Who are the top competitors of Oxitec?
Oxitec's top competitors include Bee Vectoring Tech, BioPhero and Beneficial Insectary.
What products or services does Oxitec offer?
Oxitec offers Friendly™ Aedes Program, Friendly™ Fall Armyworm, Friendly™ Cattle Tick, Friendly™ Soybean Looper, and Friendly™ Mediterranean Fruit Fly.
Who are Oxitec's investors?
Oxitec has 6 investors. Key investors include Gates Foundation, Precigen, Wellcome, Oxford Capital, and East Hill Management Company.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.