Micropep Technologies Secures Additional $11M in Series B Funding
Slice of Agriculture Team
10/03/2024
Key Highlights:
- Micropep Technologies secures $11M, bringing its Series B total to $40M.
- Investment backs Micropep’s micropeptide crop protection technologies.
- New investors include Corteva Inc. and Sparkfood SA.
- The Krisalix™ platform accelerates discovery of sustainable biosolutions.
Source: Business Wire
Quotes
“ “On the heels of the initial raise of $29 million for this round, this increased investment in Micropep will accelerate our time to market.” ”
Thomas Laurent, CEO at Micropep Technologies
Our Take:
Micropep Technologies’ successful $11 million addition to its Series B round underscores the growing importance of sustainable agricultural solutions. The company’s focus on leveraging micropeptide technology through its Krisalix™ platform positions it as a key player in the transition away from traditional chemical crop protection methods. With strong backing from industry leaders like Corteva and Sparkfood, Micropep’s innovation pipeline will likely play a critical role in shaping the future of sustainable farming practices globally.
