Micropep Technologies raised $40M in a Series B funding round led by BPI Green Tech Ventures to advance its R&D platform and global commercialization pipeline.
PRIVATEDec 06, 2024
Amount Raised
$40 Million
Round Type
Series B
ToulouseManufacturingBiotechnologyAgriculture and FarmingFood And Beverageresearch
Investors
SparkfoodZebraCortevaBPI Green Tech Ventures
Description
Micropep Technologies successfully raised $40 million in a Series B funding round with support from investors including BPI Green Tech Ventures, Zebra, Corteva, and Sparkfood. This funding is aimed at reinforcing the company's strategy to enhance its research and development platform and commercialization efforts. The new Chief Business Officer, Gustavo C. Gonzalez, will play a pivotal role in driving these initiatives.
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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