Biotalys takes on $50.9m

Mar 6, 2020 • Callum Cyrus

Biotalys, a bio-fungicide and pesticide developer based on VIB technology previously known as AgroSavfe, has added $11m to its series C round.

Biotalys, a Belgium-based food and crop protection product developer spun out of VIB, has increased its series C round to €45m ($50.9m) following a $11.3m second close featuring Novalis LifeSciences and undisclosed existing investors.
VIB had backed the initial $38.6m series C close for Biotalys – then called AgroSavfe – in August 2019, investing with university venture fund Qbic, spinout-focused investment fund Sofi, agrochemical supplier Globachem, Flemish government-owned investment firm Participatiemaatschappij Vlaanderen (PMV), private equity firm Gimv and…

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