Aphea.Bio Funding, Investors & Competitors

Aphea.Bio has raised $91M across 3 funding rounds, most recently a $77M Series C in July 2023.

Last Aphea.Bio funding round

$77M

Series C · Jul 2023

Cumulative funding Aphea.Bio raised

$91M

across 3 funding rounds

Key investors in Aphea.Bio

  • V-Bio Ventures
  • Agri Investment Fund
  • PMV
  • Astanor Ventures
  • Qbic Fund
  • Gemma Frisius Fund
  • VIVES Funds
  • European Circular Bioeconomy Fund

Aphea.Bio Overview

About Aphea.Bio

Aphea.Bio is a Belgium-based developer of biopesticides and biostimulants using natural microorganisms. The company produces crop protection products as alternatives to chemical pesticides and growth enhancers that improve nutrient uptake in soil. Aphea.Bio targets row crops like potatoes, sugar beets, and vegetables across Europe with field-tested formulations.


Founded

2017

HQ

BelgiumGhent

Website

aphea.bio

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Aphea.Bio Funding History

Aphea.Bio has raised a total of $91M across 3 funding rounds.

Aphea.Bio's first fundraising round was a $9M Series A in June 2017. The most recent completed round was a $77M Series C in July 2023.

Aphea.Bio funding rounds

Aphea.Bio funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2023Series CInnovation Industries (lead); SFPI-FPIM; European Circular Bioeconomy Fund; Astanor Ventures; Bill & Melinda Gates Foundation; Korys; BNP Paribas Fortis; Agri Investment Fund; V-Bio Ventures$77MAphea.Bio is a Belgium-based agricultural biotechnology company founded in 2017 that develops next-generation biological products based on naturally occurring microorganisms. The company focuses on biostimulant and biocontrol solutions designed to reduce fertilizer application and control fungal diseases in maize and wheat, offering sustainable alternatives to chemical fertilizers and pesticides. Aphea.Bio successfully closed a Series C funding round on July 11, 2023, raising €70 million (approximately $77 million USD). The round was led by Innovation Industries and included participation from Korys Investments, the Bill & Melinda Gates Foundation, SFPIM, BNP Paribas Fortis, and returning investors including the European Circular Bioeconomy Fund, Astanor, and the Agri Investment Fund. At the time of the Series C, Aphea.Bio had grown into a team of over 50 scientists and industry specialists, with a new pilot plant set to open in late 2023, and had recently achieved Certified B Corporation status. The funding was designated to advance research and development in biologicals, scale product launches, expand market reach, and commercialize product offerings, with specific support from the Gates Foundation for developing biostimulant products aimed at smallholder farmers in Sub-Saharan Africa and South Asia. By May 2024, the company had submitted applications for regulatory approval of its first biofungicides, VALORIA and VIRTUOSA, to the EPA in the United States, demonstrating progress toward commercialization of its product pipeline.
Apr 2021Series BAstanor Ventures (lead); Gemma Frisius Fund; QBIC II; European Circular Bioeconomy Fund; PMV; VIVES Funds; Agri Investment Fund; V-Bio Ventures; Qbic Fund; VIB$5M-
Jun 2017Series AV-Bio Ventures (lead); Gemma Frisius Fund; PMV; The Group Ceuster; VIVES Funds; Agri Investment Fund; Qbic Fund; VIB$9MAphea.Bio, a Belgium-based biopesticides spinout from VIB, KU Leuven, and Ghent University, raised €7.7 million ($8.7 million) in a Series A round on June 26, 2017, led by V-Bio Ventures with participation from Agri Investment Fund, Gemma Frisius Fund, PMV, Qbic Fund, The Group Ceuster, VIB, and Vives Louvain Technology Fund. In total, the company raised 7.7 million euros in capital and 1.3 million euros in non-dilutive capital around this time. This funding supported the development of innovative biological products for sustainable agriculture, focusing on biostimulants and biocontrols to enhance crop protection and soil vitality.

Who has invested in Aphea.Bio?

16 investors have backed Aphea.Bio across its funding rounds, including V-Bio Ventures, Agri Investment Fund, PMV, Astanor Ventures, Qbic Fund and Gemma Frisius Fund.

Lead investors include Innovation Industries, Astanor Ventures and V-Bio Ventures.


Aphea.Bio Investors

Investors in Aphea.Bio by funding rounds participated
InvestorHQRoundsRoleFirst check
Agri Investment FundBelgiumLeuven3ParticipantJun 2017
V-Bio VenturesBelgiumGhent3LeadJun 2017
Gemma Frisius FundBelgiumLeuven2ParticipantJun 2017
European Circular Bioeconomy FundGermanyBonn2ParticipantApr 2021
Astanor VenturesBelgiumLuxembourg2LeadApr 2021
PMVBelgiumBrussels2ParticipantJun 2017
VIVES FundsBelgiumWavre2ParticipantJun 2017
Qbic FundBelgiumGhent2ParticipantJun 2017
VIBBelgiumGhent2ParticipantJun 2017
SFPI-FPIMBelgiumBrussels1ParticipantJul 2023
QBIC IIBelgiumGhent1ParticipantApr 2021
Bill & Melinda Gates FoundationUnited StatesSeattle, WA1ParticipantJul 2023
KorysBelgiumHalle1ParticipantJul 2023

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Aphea.Bio Competitors

Aphea.Bio competitors include listed companies like BASF, Muyuan Foods, Nutrien and Archer-Daniels-Midland, and private ones like Meicai and Farmers Business Network.

Public and private companies comparable to Aphea.Bio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BASFGermanyGermanyPublicly listed$67B$8B$52B1.0x
Muyuan FoodsChinaChinaPublicly listed$22B$5B$38B2.6x
NutrienCanadaCanadaPublicly listed$27B$6.1B$34B1.7x
Archer-Daniels-MidlandUnited StatesUnited StatesPublicly listed$80B$2.9B$33B0.5x
MeicaiChinaBeijingPrivate--$7B-
Farmers Business NetworkUnited StatesSan Francisco, CAPrivate$60M-$4B-

Aphea.Bio Public Comps

Aphea.Bio is still privately-owned, but its public comps include BASF, Muyuan Foods, Nutrien, Archer-Daniels-Midland, Novonesis, Bunge, Qinghai Salt Lake Industry, CF Industries, Industries Qatar and Wens Foodstuff Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BASF$67B$8B1.1x1.0x9.1x8.7x
Muyuan Foods$22B$5B2.1x2.6x9.1x21.0x
Nutrien$27B$6.1B1.8x1.7x7.8x7.7x
Archer-Daniels-Midland$80B$2.9B0.5x0.5x14.6x8.9x
Novonesis$4.7B$1.5B7.5x7.1x22.9x18.8x
Bunge$70B$2.3B0.5x0.4x16.8x10.0x
Qinghai Salt Lake Industry$2.3B$1.2B6.1x3.7x11.9x6.0x
CF Industries$7.1B$3.2B3.0x2.7x6.7x5.7x

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Common questions about Aphea.Bio

When was Aphea.Bio founded?Aphea.Bio was founded in 2017.
Where is Aphea.Bio headquartered?Aphea.Bio is headquartered in Ghent, Belgium.
Is Aphea.Bio publicly listed?No, Aphea.Bio is a private, VC-backed company.
How much funding has Aphea.Bio raised?Aphea.Bio has raised $91M across 3 funding rounds.
What was Aphea.Bio's last funding round?Aphea.Bio's last funding round was a $77M Series C in July 2023, led by Innovation Industries.
Who are Aphea.Bio's investors?Aphea.Bio's investors include Agri Investment Fund, V-Bio Ventures, Gemma Frisius Fund, European Circular Bioeconomy Fund, Astanor Ventures, PMV, VIVES Funds, Qbic Fund, VIB, SFPI-FPIM and 6 others.
Which companies are comparable to Aphea.Bio?Companies comparable to Aphea.Bio include BASF, Muyuan Foods, Nutrien, Archer-Daniels-Midland, Meicai and Farmers Business Network.

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