- Companies
- Aphea.Bio
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Sectors
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2023 | Series C | Innovation Industries (lead); SFPI-FPIM; European Circular Bioeconomy Fund; Astanor Ventures; Bill & Melinda Gates Foundation; Korys; BNP Paribas Fortis; Agri Investment Fund; V-Bio Ventures | $77M | Aphea.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 2021 | Series B | Astanor 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 2017 | Series A | V-Bio Ventures (lead); Gemma Frisius Fund; PMV; The Group Ceuster; VIVES Funds; Agri Investment Fund; Qbic Fund; VIB | $9M | Aphea.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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2017 | ||
| 3 | Lead | Jun 2017 | ||
| 2 | Participant | Jun 2017 | ||
| 2 | Participant | Apr 2021 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Participant | Jun 2017 | ||
| 2 | Participant | Jun 2017 | ||
| 2 | Participant | Jun 2017 | ||
| 2 | Participant | Jun 2017 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
This data is available for Pro users. Sign up to see all 16 Aphea.Bio investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAphea.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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $67B | $8B | $52B | 1.0x | ||
| Publicly listed | $22B | $5B | $38B | 2.6x | ||
| Publicly listed | $27B | $6.1B | $34B | 1.7x | ||
| Publicly listed | $80B | $2.9B | $33B | 0.5x | ||
| Private | - | - | $7B | - | ||
| Private | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $67B | $8B | 1.1x | 1.0x | 9.1x | 8.7x | |||
| $22B | $5B | 2.1x | 2.6x | 9.1x | 21.0x | |||
| $27B | $6.1B | 1.8x | 1.7x | 7.8x | 7.7x | |||
| $80B | $2.9B | 0.5x | 0.5x | 14.6x | 8.9x | |||
| $4.7B | $1.5B | 7.5x | 7.1x | 22.9x | 18.8x | |||
| $70B | $2.3B | 0.5x | 0.4x | 16.8x | 10.0x | |||
| $2.3B | $1.2B | 6.1x | 3.7x | 11.9x | 6.0x | |||
| $7.1B | $3.2B | 3.0x | 2.7x | 6.7x | 5.7x | |||
This data is available for Pro users. Sign up to see all Aphea.Bio competitors and their valuation data. Start Free Trial | ||||||||
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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