Tubiomics Emerges As A GOED Knowledge Fund Success Story

Nevada Based Company Makes Biotech Solutions Top 10 List

FOR IMMEDIATE RELEASE

 

Contact: Gregory Bortolin, Director of Communications
grbortolin@goed.nv.gov (775) 687-9917

 

 January 8, 2024

 

CARSON CITY, Nev. – TuBiomics, a Nevada company born out of the Nevada Governor’s Office of Economic Development’s (GOED) Knowledge Fund, is getting national attention.

Deep-technology company TuBiomics which is developing plant and soil health products from mixtures of natural biochemistry was named among Top 10 Agri Biotech Solutions Companies of 2023 by renowned Agri Business Review and made the magazine’s cover story  in December.

“We really appreciate this recognition by the editors of Agri Business Review,” said Brian Speicher, CEO of TuBiomics. “It has been a timely opportunity to introduce the company and its innovative work to a broad audience and highlight the emergence of our lead commercial product.”

Agri Business Review’s acknowledgement of the company’s progress comes ahead of TuBiomics’ upcoming $5 million Series A round which it plans to complete by the second quarter of this year. The Series A fund raise, which follows the company’s prior three seed funding rounds, is being launched as the company pushes its lead product, a potent natural chemistry herbicide mixture, into three multi-billion-dollar global markets – organic agriculture, vegetation management, and home & garden – for which TuBiomics anticipates entry.

The company represents a success story of the GOED administered Knowledge Fund. After serving as Business Development Lead at DRI, Speicher spun TuBiomics out of DRI following an Entrepreneur in Residence (EIR) model. Subsequently, Battle Born Venture, Nevada’s state-sponsored venture capital program operating under the federal State Small Business Credit Initiative (SSBCI)  has participated in all of TuBiomics seed-stage funding rounds.

“The SSBCI Venture Capital program’s role is vital for deep-tech early-stage companies to signal confidence to other institutional investors and Battle Born Venture has been instrumental for TuBiomics reaching the Series A stage,” said Karsten Heise, GOED Senior Director of Strategic Programs and Innovation.

 

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About the Governor’s Office of Economic Development

Created during the 2011 session of the Nevada Legislature, the Governor’s Office of Economic Development is the result of a collaborative effort between the Nevada Legislature and the Governor’s Office to restructure economic development in the state. GOED’s role is to promote a robust, diversified and prosperous economy in Nevada, to stimulate business expansion and retention, encourage entrepreneurial enterprise, attract new businesses and facilitate community development.

 

 About TuBiomics, Inc.

Incorporated in 2017, TuBiomics is a Reno-based start-up company targeting the agriculture biotechnology market. The company was spun out of DRI, which is an environmental sciences research institute within the Nevada System of Higher Education.  TuBiomics focuses on unraveling the complexity of microbial communities and developing sustainable, natural chemistry-based solutions. The company’s lead product, TBH-003 is a potent natural chemistry herbicide targeting the agriculture, vegetation management and home & garden global markets.

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