Micropep Technologies to raise €8.5M in a round led by Supernova Invest

France United States 07 July 2021
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Micropep Technologies, a Toulouse, France-based agricultural biotech company, announced completing series A funding round of €8.5M ($10M)

The money was raised from investors led by Supernova Invest with participation from FMC Ventures, Sofinnova Partners and IRDI Capital Investissement.

Romain Sautrau, Investment Director at Supernova Invest will join the Board of Directors and Sara Olson, Principal at FMC Ventures, along with Jean-Michel Petit, Investment Director at IRDI Capital Investissement will be joining as Observers to the Board.

The proceeds will be used to further develop proprietary discovery platform and progress pipeline targeting disease control and weed suppression.

Micropep Technologies, founded in 2016 as a spinoff from Centre National de la Recherche Scientifique (CNRS) and Toulouse University by CEO Thomas Laurent, built a discovery platform used for the development of novel peptide-based biological products for agriculture. The company operates a proprietary technology to precisely enhance plant traits without altering DNA by spraying “miPEPs”, a unique family of natural peptides regulating plant microRNAs.

Total investments received (USD): 64.26M

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