Nbryo is on track to launch embryo multiplication technology in late 2025, opening new opportunities for efficiency and herd improvement.

Australian agri-biotech company Nbryo has completed a $10 million capital raising to accelerate genetic improvement in the gobal beef industry.

This fundraising marks another significant milestone in the company’s mission to accelerate genetic improvement in the livestock industries by delivering the next generation of cattle reproductive technologies.

The round was co-led by existing investor Tenacious Ventures and joined by new investor New Zealand–based AgriZeroNZ. Queensland Investment Corporation also joined as a new investor.

In addition, the founding Murdoch family contributed further funding together with existing private shareholders including ongoing support from Mandalay Venture Partners.

This fund-raise also triggered the conversion of $12.3 million of the SAFE notes bringing the total  to more than $22m raised since 2024.

Nbryo is an Australian agri-biotech company developing next-generation solutions in cattle reproductive technologies. Its integrated IVF platform combines biotechnology with digital tools to deliver scalable, efficient, and high-quality outcomes for cattle producers worldwide. Beef Central first wrote about Nbryo’s ambitious project in this 2024 story: Embryo transfer technology promises to condense seven years’ work into seven days. 

The company, along with its research partners, has also received more than $18 million grant funding for research and development from the Gates Foundation, Meat & Livestock Australia and other state and federal programs.

Nbryo chief executive officer Paul Niven said the company was grateful for the continued confidence shown by investors and supporters.

“This capital raising provides the resources we need to accelerate delivery of our technology platform and expand our impact in livestock reproduction globally,” Mr Niven said.

The new funding will allow Nbryo to:

• Further accelerate technology delivery, with an increased focus on advancing its proprietary IVF platform.
• Further expand commercial IVF and Embryo Transfer (ET) services in the Australian cattle industry.
• Launch embryo multiplication technology in late 2025, opening new opportunities for efficiency and herd improvement.
• Continue development of its world leading embryo transfer device, which is on track for market release in October 2026.

“This strategic investment underscores the growing recognition of Nbryo’s potential to reshape cattle reproduction globally and deliver solutions at the intersection of biotechnology and digital agriculture,” Mr Niven said.

“Nbryo-powered genetic gain will deliver operating efficiencies and sustainability-linked outcomes at a pace that cannot be achieved with conventional genetic improvement programs.

Qld State Government backing

The Queensland State Government yesterday released the statement below (edited for length and repetition):

The Crisafulli Government is delivering a better lifestyle through a stronger economy, after partnering with global agribusiness investors to secure $10 million in funding for a local AgTech startup developing technology that cuts seven years of selective cattle breeding into a week.

It’s just one of the ways the Crisafulli Government is delivering a fresh start and backing homegrown businesses.

Born from 15 years of research on a cattle property near Beaudesert, Nbryo’s in vitro embryo production (IVP) technology is breaking down barriers to advanced cattle breeding techniques for beef and dairy producers globally.

By dramatically reducing the cost of producing high-quality bovine embryos, Nbryo is helping producers achieve rapid genetic advancements to meet growing global demand for efficient and sustainable livestock production.

The funding allows Nbryo to scale and commercialise its platform from Queensland while expanding local operations.

Minister for Finance, Trade, Employment and Training Ros Bates said Queensland agricultural innovation was capturing the attention of the world.

“Queensland has always been a farming state, but we’re also known for growing ideas that reshape industries,” Minister Bates said.

“After a decade of decline under Labor, Queensland’s primary industries finally have a government that backs them and this investment is one way we are helping diversify Queensland’s agriculture industry, and in the process, creating a better lifestyle through a stronger economy.

“It’s no surprise Nbryo is drawing interest from respected investors globally, including the Gates Foundation, who recognise Queensland has the talent, ideas and drive to compete on the world stage.

“The New Zealand Government’s co-investment is a clear endorsement of the work delivered by the Crisafulli Government to reestablish Queensland as Australia’s premier investment destination.”

The Crisafulli Government’s investment through QIC is alongside Tenacious Ventures, Mandalay Ventures and AgriZero (half owned by the New Zealand Government).

Minister for Primary Industries Tony Perrett said Nbyro was a Queensland-grown solution to a global agricultural problem.

“For a decade under Labor, Queensland’s primary industries sector was left to wither on the vine through the failure to invest and adapt to changing technologies,” Minister Perrett said.

“Nbryo brings the best of Queensland agriculture and innovation together to solve one of the cattle industry’s biggest bottlenecks – affordable access to superior genetics.

“Their technology is resetting the economics of cattle breeding, levelling the playing field for farmers everywhere and delivering step-change improvements in productivity and sustainability.”

Member for Scenic Rim Jon Krause welcomed the investment and the Government’s commitment to rural and regional Queensland.

“An investment like this one in Beaudesert-based Nbryo speaks to how this Government backs agriculture and innovation for rural and regional Queensland,” Mr Krause said.

“This investment will help create jobs in Scenic Rim and across regional Queensland, building a stronger economy and giving regional Queensland opportunities to grow and thrive.”

Nbryo CEO Paul Niven said “With the support of our investors and the Queensland Government, we have a real opportunity to build a global high-tech business here in Queensland that changes the face of beef and dairy industries everywhere.”

Source: Nbryo, Qld Govt.