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
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Sectors
Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Oxitec Limited
- Date of Incorporation 15 Aug, 2002
- Jurisdiction ABINGDON, OXFORDSHIRE, ENGLAND
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Annual Revenue
$1.55 M (USD)315as on Dec 31, 2016
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Net Profit
-$7.65 M (USD)17as on Dec 31, 2016
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EBITDA
Not available
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Total Equity Funding
$26.43 M (USD)
in 10 rounds
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Latest Funding Round
$18 M (USD), Grant
Apr 20, 2022
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Investors
Gates Foundation
& 5 more
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Employee Count
78
as on Dec 31, 2021
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Acquired by
Precigen
(Aug 10, 2015)
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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.
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.
People of Oxitec
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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.
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.
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Early-stage venture capital is invested in UK technology sectors.
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Charitable foundation investments on poverty reduction and healthcare
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Investor details for Oxitec
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Investments & Acquisitions by Oxitec
Investment portfolio details for Oxitec
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Financial Statements - Oxitec
Detailed financials for Oxitec
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Oxitec Comparisons
Peer comparison for Oxitec
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insect pheromones for pest management are produced and supplied.
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Bee vectoring technology is developed for organic plant protection.
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Beneficial insects and mites are mass-produced for agricultural pest control.
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Agrobio is engaged in biological pest control and pollination.
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Producer and supplier of biological pest control agents
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Detailed competitors of Oxitec
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Latest news on Oxitec
Complete news archive for Oxitec
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Frequently Asked Questions about Oxitec
Oxitec was founded in 2002.
Oxitec is headquartered in Abingdon, United Kingdom. It is registered at Abingdon, Oxfordshire, United Kingdom.
Grey Frandsen is the current CEO of Oxitec.
Oxitec is a funded company, having raised a total of $26.43M across 10 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Oxitec is 78.
Annual revenue of Oxitec is $1.55M as on Dec 31, 2016.
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.
Oxitec's top competitors include Bee Vectoring Tech, BioPhero and Beneficial Insectary.
Oxitec offers Friendly™ Aedes Program, Friendly™ Fall Armyworm, Friendly™ Cattle Tick, Friendly™ Soybean Looper, and Friendly™ Mediterranean Fruit Fly.
Oxitec has 6 investors. Key investors include Gates Foundation, Precigen, Wellcome, Oxford Capital, and East Hill Management Company.