# Micropep Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/micropep-technologies

- Industry: Agribusiness
- Headquarters: Toulouse, France
- Website: www.micro-pep.com
- Total disclosed funding: $46M
- Latest round: Series B (Dec 3, 2024)
- Investors on record: 11

## About

Micropep Technologies, based in Toulouse, France, develops innovative micropeptide-based biological solutions for agriculture, enhancing sustainability and crop resilience amid climate challenges.Founded in 2016, Micropep Technologies focuses on advancing agricultural practices through micropeptide technology. The company has not undergone any significant pivots and operates independently. It is led by CEO Thomas Laurent and co-founders Jean-Philippe Combier and Thomas Laurent, with its headquarters located in Toulouse, France. In total, the company has completed 5 deals, with the most recent being a Series B funding round on September 26, 2024, raising USD 11.00 mn from investors including Corteva Agriscience and Sparkfood. This funding is part of a larger USD 40 mn Series A round, marking the total amount raised as USD 11.00 mn.Micropep specializes in developing innovative micropeptide-based biological solutions aimed at enhancing agricultural sustainability in the face of climate change. Their core product offerings include a range of natural solutions designed to protect crops and stimulate growth through specific micropeptide sequences that play essential roles in plant biological processes such as germination and reproduction. The company leverages a unique discovery platform that combines artificial intelligence and bioproduction technologies to formulate these micropeptide solutions effectively. These products are primarily targeted at farmers and agricultural producers seeking cost-effective and environmentally sustainable options to improve crop yields. Micropep operates in multiple geographical markets, including Europe and North America, where it collaborates with various research institutions and agricultural partners to drive product adoption and improve the resilience of food production systems.The revenue structure of Micropep is centered around B2B transactions with agricultural producers and research institutions. In 2022, the company reported a revenue of USD 550,100.90 and an EBITDA of USD -5,243,247. Micropep engages in partnerships with these entities to deliver its micropeptide solutions, which are tailored to meet specific agronomic challenges. While specific pricing plans for their products have not been disclosed, it is expected that their offerings accommodate a range of use cases and agricultural scales, likely involving bulk sales agreements or subscription-based models for ongoing supply. Collaborations with leading investors and research partners further enhance their market position, indicating a robust framework for revenue generation through strategic alliances and product development initiatives.In September 2024, Micropep Technologies raised USD 11 mn in Series B funding, which will be utilized to further develop its Krisalix™ platform. The company plans to expand its product lines and enhance its solution offerings, focusing on the agricultural sector. Additionally, Micropep aims to penetrate new markets, particularly in South America and Asia, to broaden its reach and impact by 2025.

## Funding rounds

- Series B, Dec 3, 2024, $5.5M — Corteva Agriscience, Sparkfood
- Series B, Sep 19, 2024, $16M — Sofinnova Partners, Bpifrance, Fall Line Capital, Supernova Invest, Irdi Capital Investissement, FMC, Zebra Impact
- Series A, Jun 27, 2022, $9.2M — Sofinnova Partners, Fall Line Capital, Supernova Invest, Irdi Capital Investissement, FMC
- Series A, May 10, 2021, $10M — Sofinnova Partners, Supernova Invest, Irdi Capital Investissement, FMC
- Series A, Apr 4, 2018, $5.5M — Sofinnova Partners, IRDInov, Toulouse Tech Transfer

## Investors

- Sofinnova Partners (https://capitalatlas.ai/funds/sofinnova-partners) — Series A, Series B
- IRDInov — Series A
- Toulouse Tech Transfer — Series A
- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Series A, Series B
- Irdi Capital Investissement (https://capitalatlas.ai/funds/irdi-capital-investissement) — Series A, Series B
- FMC (https://capitalatlas.ai/funds/fmc) — Series A, Series B
- Fall Line Capital (https://capitalatlas.ai/funds/fall-line-capital) — Series A, Series B
- Bpifrance — Series B
- Zebra Impact (https://capitalatlas.ai/funds/zebra-impact) — Series B
- Corteva Agriscience — Series B
- Sparkfood (https://capitalatlas.ai/funds/sparkfood) — Series B