Micropep Technologies wants to protect crops with plant-derived micropeptides

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The company Micropep Technologies, founded in 2016 in Auzeville-Tolosane, in Haute-Garonne, develops biological inputs for the protection of agricultural crops. Supported by Bpifrance and a member of the Les Deeptech community, the start-up has just raised 8.75 million euros.

8.75 million euros: that is the amount that the Haute-Garonne company Micropep Technologies raised at the end of June from the American investment fund Fall Line Capital, which joins its historic shareholders. It is the second operation of this type in a year for the start-up, which already raised 8.5 million euros in mid-2021. This new fundraising should enable us to support our commercial development, both in Europe and in the United States.explains Thomas Laurent, CEO of this 30-employee start-up that develops natural biostimulants from peptides produced by plants, which are likely to become an alternative to the pesticides and chemical fertilizers used in agriculture.

First products in 2025-2026

Founded in 2016, Micropep Technologies is a spin-off – that is, a spin-off – of the Plant Science Research Laboratory, located in the Pink City, and Toulouse Tech Transfer (TTT), a technology transfer platform that supports the emergence of of innovations based on the results of public research. I’m from TTT myself, laughs Thomas Laurent. After supporting two start-up projects, I joined the platform in 2014 as business developer. Here I discovered the research work of Jean-Philippe Combier and Dominique Lauressergues. When it came time to think about creating a start-up to promote this innovation, I decided to work with them. With success, because after the research and development phases, the company’s first products should be launched on the market by 2025-2026.

Long-term support by Bpifrance

Micropep Technologies, who can count 40 to 50 employees in 2023, has been supported by Bpifrance since its inception. In 2016 we won the World Innovation Competition, with a check for 200,000 euros, says the leader. The following year we won the i-Lab competition, again with a grant of 200,000 euros. We also received development aid in 2019 deep technology of 1.6 million euros, intended to consolidate the various building blocks of our platform, as well as loans in 2017 and 2021. Associated with our selection by the Réseau Entreprendre, these various financings have largely contributed to our development. Because beyond the amounts in question, this has reassured investors. If you want to carry out an innovative project in France, it is essential that you are supported by Bpifrance, if you want to be credible.

The Deeptech ambition

Community member The deep technology, Micropep is a technology player committed to the environment. Thomas Laurent has three pieces of advice for entrepreneurs who want to invest in a deep-tech approach. First, take the time to clearly visualize the possible trajectories of your company in terms of time-to-market, financing and potential return, he indicates. Also, go very early to see investors, ideally when you don’t need them yet. For deep tech projects that take several years to hit the market, they are your first customers. And finally, be ambitious! Above all, do not limit its market potential to France. For Micropep Technologies, there is no doubt that the market for: gold nuggets innovative is resolutely international.

Take action and determine the world of tomorrow! Be inspired by entrepreneurs during Deeptech Voit BIG on October 5, a unique show where students from all walks of life, PhD students and researchers are expected. https://evenements.bpifrance.fr/ladeeptechvoitbig

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