Bio-fungicide and pesticide developer Biotalys has added $11.3m to a Globalchem-backed round now totalling $50.9m.
Belgium-based food and crop protection product developer Biotalys has increased a series C round featuring agrochemical producer Globalchem to €45m ($50.9m) following a $11.3m second close.
The second tranche featured Novalis LifeSciences and unnamed existing investors. It followed $38.6m in August 2019 from investors including Globalchem, research institute VIB, Qbic, Sofi, Ackermans and van Haaren, Participatiemaatschappij Vlaanderen (PMV), Gimv, Sofinnova Partners, Kirkland and Ellis, Agri Investment Fund, Biovest and Madeli Participaties.
Spun out of VIB and formerly known as…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
