Micropep Technologies raises $29M in Series B funding led by Zebra Impact Ventures and BPI Green Tech Investment to unveil Krisalix, its proprietary discovery platform.
PRIVATEJul 25, 2024
Amount Raised
$29 Million
Round Type
Series B
ToulouseManufacturingBiotechnologyAgriculture and FarmingFood And Beverageresearch
Investors
Irdi Capital InvestissementSupernova InvestSofinnova PartnersFmc VenturesFall Line CapitalBPI Green Tech InvestmentZebra Impact Ventures
Description
Micropep Technologies has announced a $29 million Series B funding round led by Zebra Impact Ventures and BPI Green Tech Investment. The funding will be used to accelerate go-to-market strategy through partnerships, complete the regulatory studies of the first biofungicide molecule, and expand its pipeline of micropeptide active ingredients on the Krisalix™ platform.
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Company Information
Company
Micropep Technologies
Location
1 Rue Ariane
Toulouse, Occitania, France
About
Micropep is an agricultural biotech firm founded in France in 2016 as a spin-off of “LRSV”, a Plant Research Laboratory at Centre National de la Recherche Scientifique (CNRS) and Toulouse University, a center of excellence in AgTech. The company has developed and patented a unique, non-GMO technology that makes it possible to identify and indirectly modulate the expression of genes or proteins of interest in plants by spraying biology instead of chemistry. The company’s unique approach leverages the incredible potential of micropeptides, short natural peptide molecules that target and regulate plant genes and proteins. Micropep's ambition is to help farmers protect their crops against pathogens and resistant weeds, while preserving yields and respecting the environment. www.micro-pep.com
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ToulouseManufacturingBiotechnologyAgriculture and FarmingFood And Beverageresearch