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- Micropep Technologies Secures Additional $11M in Series B Funding
Micropep Technologies Secures Additional $11M in Series B Funding
Slice of Agriculture Team
October 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
Notable 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.”
“Micropep is helping shape the accelerated delivery of sustainable innovation through their micropeptide crop health solutions.”
“We see the combination of three pillars of innovation built by Micropep as a major breakthrough in the industry.”
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.