BiocSol secures €5.2M Seed funding for microbial pesticides

BiocSol, a spinout specialized in sustainable crop protection solutions, has raised a €5.2M Seed round.

Agri Investment Fund and VIVES IUF led the round, bringing extensive expertise in agribusiness and biotechnology, alongside Belgian investors, including Invest.BW and IMBC Spinnova SA.

BiocSol develops microbial-based biopesticides for farmers by providing a biocontrol to protect their crop. By harnessing specific microbial substances, the company creates reliable, stable and cost-effective biosolutions targeting key agricultural challenges, such as mildew agents.

The company aims to attract a total €10M by year-end through additional non-dilutive and equity financing.

With the funding, BiocSol will expand its team, broaden its R&D pipeline and kickstart the regulatory processes for biofungicides. BiocSol will also be able to increase production to meet demand and optimize its quality and efficiency processes.

“We are thrilled by the confidence our investors have shown in our biopesticides technology and our long-term vision,” said Denis Payen, CEO. “With this funding we can scale up our technology, providing farmers worldwide with access to more sustainable and efficient agricultural solutions. In the face of climate change and resource limitations, our microbial-based methods offer a future-forward, eco-friendly approach.”

“This new investment is strategic for our fund as it enables us to become part of the rapidly growing Wallonia AgTech ecosystem,” said Patrik Haesen, CEO of Agri Investment Fund. “We are particularly impressed by BiocSol's innovative approach, which addresses some of the most pressing agricultural problems by creating multiple modes of action to combat pathogens that are swiftly developing resistance to current solutions.”

Emerging fungal and oomycete pathogens infect staple calorie crops and economically important commodity crops, thereby posing a significant threat to global food security. Indeed, plant pathogenic fungi destroy between 20 and 40 % of the global annual harvest.

CTO and founder Simon Caulier concluded by saying: “We’re at a pivotal moment for the company, advancing our mission to develop sustainable crop protection solutions. This investment allows us to bring impactful solutions to agriculture, fostering a healthier planet for future generations.”