Micropep Technologies: The latest figures, news and market research on Micropep Technologies

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Country: France

Toulouse-based technology research company, spun off from CNRS, develops insecticides and natural and crop protection products

Around 50 professionals

Has already raised over €50 million to finance its research

Micropep, the start-up that found an eco-friendly pesticide in tomatoes 13/08/2024

- Amount raised: €27 million to finance regulatory procedures for a biological fungicide against soybean rust and potato and vine mildew.
- New investors: Bpifrance and Swiss fund Zebra Impact Ventures. Historic investors also reinvest, including Supernova Invest, Sofinnova Partners, IRDI Capital, FNC Corporate Ventures, and Fall Line Capital.
- Total raised since inception: 48 million euros since 2016.
- Number of employees: 50, including 10 in the United States.
- Active principle discovered in tomato plants and derived from research at CNRS and Paul Sabatier University in Toulouse.
- Key benefits: More environmentally friendly than chemical fungicides, degrades rapidly, harmless to wildlife, selective against pathogens and effective at low doses.
- Some 50 trials to be carried out between 2021 and 2023 in Europe, the United States and Latin America.
- Efficacy comparable or even superior to chemical products
- Targets: Approvals for use in 2027 in Latin America, 2028 in the United States and 2030 in Europe.
- Future development: Expansion of the micropeptide library and preparation of a herbicide.
- Around ten companies worldwide use this technology, including Vestaron, which already markets an insecticide for greenhouse crops.
- Production outsourced to biotech companies.

Micropep: 27 million euros to further develop its alternatives to traditional pesticides 06/08/2024

New round of financing completed by Micropep at the end of July: €27 million.
Total funds raised by Micropep since its creation in 2016: nearly 50 million euros.
Micropep's creation date: 2016. in Toulouse.
Micropep's business sector: development of alternatives to traditional pesticides, specifically micropeptides for regulating plant gene expression.
expected year of marketing authorization in the USA: 2025, in Europe: 2027.
Current development focus: fungicide for field crops.
Efficacy higher than the average for biocontrols, with a marketing price similar to that of crop protection products Internalization of active ingredient production envisaged, search for partners for final production or distribution.

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