Micropep Raises €8.5M in Series A Funding
- Micropep, a Toulouse, France-based agricultural biotech company, raised €8.5M in Series A funding.
- The round was led by Supernova Invest with participation from FMC Ventures, Sofinnova Partners and IRDI Capital Investissement
- The financing will be used to further develop proprietary discovery platform and progress pipeline targeting disease control and weed suppression
- The company provides an innovative discovery platform for the development of novel peptide-based biological products for agriculture
- The company, spun out from Centre National de la Recherche Scientifique (CNRS) and Toulouse University in 2016
- The company is positioned to enter and transform the EUR 47 billion-plus market for pesticides, initially targeting $28 billion herbicides and fungicides markets in Americas and Europe
