Microphyt Raises €28.5 Million to Develop Its Portfolio of Microalgae-based Natural Solutions for Nutrition and Well-being
Microphyt, a leading company in microalgae-based natural solutions for nutrition and well-being, announced a fundraising of €28.5 million (US$32 million). This investment was co-led by Sofinnova Partners and BPI France via the SPI fund ("Sociétés de projets industriels") managed as part of the “Programme d'investissements d'avenir”, together with IXO-Private Equity and Sofilaro. The existing investors, Supernova Invest, Demeter Partners and Irdi Soridec, renew their confidence in the company by participating in this new round. The funds will be used to accelerate the development of the product portfolio, expand sales network globally, as well as to increase production capacity of Microphyt's industrial platform.
In nutrition and wellbeing, consumer demand for natural, effective, safe and sustainably produced solutions is booming. The world market for ingredients for these markets, represents more than US$ 70 billion with a share of natural ingredients (US$ 5 billion) that shows the strongest growth (8% per year). Among the natural ingredients, microalgae best meet consumer expectations thanks to their natural diversity, offering richness of molecules that can be produced in a close-controlled and sustainable way.
Since 2009, Microphyt has developed a proprietary production technology that makes it possible to access this diversity while guaranteeing a high level of control and standardization. This patented process, developed in-house, solves the usual drawbacks of microalgae production. It is based on 5,000-litre tubular photobioreactors, which offer both high differentiation potential (access to a new diversity of species) and the ability to supply natural active ingredients in an industrial and standardized way. This technology, operated within an industrial production platform, has already made it possible to establish several commercial partnerships with key players in the sector.
Microphyt has also launched the development of new products that contribute to improving the well-being of the elderly, preventing certain metabolic disorders, facilitating an active lifestyle and protecting the skin from various stresses. A portfolio of 10 nutritional active ingredients and 20 cosmetic active and functional ingredients is being developed. To achieve this, Microphyt will strengthen its team and will significantly increase its ingredient production capacity over the next 18 months.
"This new round is a major milestone in our development and we are pleased that recognized investors in the sector such as Sofinnova Partners and Bpifrance are joining us alongside our existing investors to accelerate our development and internationalization," said Vincent Usache, CEO of Microphyt. "For several years now, Microphyt was actively committed to unlocking the full potential of microalgae amazing diversity through our unique technology platform. With this funding, we will speed up the development and supply of novel natural products that solve the key challenges of Nutrition & Well-being”.
"Microphyt is exactly the type of company that Sofinnova Partners is looking for as a pioneering investor in industrial biotechnology: thanks to its proprietary technology platform and unique production capacity that allows access to the exceptional biodiversity of microalgae, the company is in an ideal position to become one of the world leaders in natural ingredients dedicated to nutrition and well-being," says Denis Lucquin, Managing Partner of Sofinnova Partners.
"Microphyt's innovations are also based on an innovative industrial project," explains Jean Philippe Richard, Investment Director of the SPI Fund of Bpifrance. "We share this ambition to develop a leading industrial production site in France and to create a European leader with a global vocation. The site will offer multi-product production with high added value while implementing environmentally friendly processes.
S&I for Microphyt
+33 6 03 35 92 05
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SNP Teams Up with Google Cloud to Expedite Enterprise Migration18.9.2019 12:00:00 CEST | Press release
SNP (Schneider-Neureither & Partner SE) (XETRA: SHF), a global leader in business transformation software, announced today that the company is teaming up with Google Cloud to accelerate business transformation for Google Cloud’s customers under a license agreement for SNP’s software-driven CrystalBridge® and BLUEFIELD™ approach. This new initiative aims to move Google Cloud customers using SAP to the cloud faster and more efficiently while providing options to upgrade and innovate within a single project, shortening implementation timelines. Under the terms of the new partnership, Google Cloud will leverage SNP’s CrystalBridge® platform and BLUEFIELD™ approach, the company’s end-to-end software solution for companies to visualize, model, and plan their entire SAP landscape transformations in an integrated environment. Additional options include automated interface discovery with visualization and usage-volume tracking which is critical for ensuring external systems connection integrity
ServiceNow Secures FedRAMP High Authorization18.9.2019 12:00:00 CEST | Press release
ServiceNow (NYSE: NOW), the leading digital workflow company making work, work better for people, today announced that the ServiceNow GovCommunityCloud has obtained FedRAMP High Impact Provisional Authority to Operate (P-ATO) from the Joint Authorization Board. ServiceNow is only the third Software-as-a-Service solution provider to obtain a FedRAMP P-ATO. This certification will enable federal agencies to move faster and securely to cloud based solutions. By using ServiceNow’s automated workflow capabilities, federal agencies will be able to accelerate their movement of data, including controlled unclassified and personal identifiable information, to the cloud. “In an increasingly digitized world, it is imperative that federal agencies move to the cloud on highly secure platforms to protect their most mission-critical information while addressing digital transformation,” said Brian Marvin, Vice President of Federal Sales, ServiceNow. “The FedRAMP High Authorization gives all federal ag
Innovid Bolsters Omni-channel Advertising Offering With Acquisition of Herolens18.9.2019 10:30:00 CEST | Press release
Innovid, the only independent omni-channel advertising and analytics platform built for television, today announced the acquisition of Herolens, an international advertising software company with expertise in display creative optimization technology. The acquisition expands Innovid’s existing global ad serving, dynamic creative personalization, and advanced measurement capabilities to include display formats alongside the company’s award-winning TV, video, and social solutions. Herolens is the leading creative management platform headquartered in Latin America, focused on delivering data-driven, dynamic and personalized creative on behalf of brands such as Coke, Renault, and Mercado Libre. Known for their flexible self-service, hybrid and full-service models, clients use Herolens as a central hub for digital asset management and dynamic creative customization, as well as display ad serving. “We’ve heard first-hand from our clients, the world’s largest TV spenders, the need to leverage
Smiths Detection opens office at Imperial College London’s White City campus18.9.2019 10:00:00 CEST | Press release
Global threat detection and security technologies company, Smiths Detection today announces the opening of an office at Imperial College London’s White City Campus within the I-Hub, with the intention of establishing a research and development (R&D) partnership between the two organizations. Imperial’s co-working facility in the I-Hub provides a space for Smiths Detection’s scientists and engineers to work more closely with the Colleges network of academics and researchers on cutting edge technologies for the defence and security markets. Smiths Detection’s new office adds to Imperial’s larger initiative to create a hub that focuses on security research, innovation and engagement led by the Institute of Security Science and Technology (ISST). Smiths Detection will be sitting amongst other innovators in the field who have already established offices at White City, including Airbus, Saab and DASA. “Imperial are looking to bring together some of the top innovators in the field to help add
Biedermann Motech to Introduce MOSS VRS® - The Next Generation Pedicle Screw Technology™ to the US Market18.9.2019 10:00:00 CEST | Press release
Biedermann Motech, the company that developed the world’s first polyaxial pedicle screw (MOSS® System) and pioneer in the spinal market for more than 30 years, today announced the further expansion of its product portfolio of advanced solutions for spinal surgery with the introduction of the MOSS VRS® Pedicle Screw System at the North American Spine Society (NASS) Annual Meeting in Chicago, IL, September 25-27, 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190918005382/en/ Biedermann Motech to introduce MOSS VRS® - The Next Generation Pedicle Screw Technology™ to the US market at NASS 2019 in Chicago. Please join us at booth #2230 to learn more about the MOSS VRS System which allows the surgeon to lock the polyaxial angle of the pedicle screw at any angle, at any time during surgery, providing unmatched intraoperative options using a single, highly functional implant. (Photo: Business Wire) The MOSS VRS System feature
Thales Expands Advanced Access Management Capabilities for Authentication Customers to Take on Evolving Threat Landscape18.9.2019 09:56:00 CEST | Press release
From today, new adaptive authentication, single sign on and application visibility capabilities are available for Thales’ SafeNet Authentication Service customers with an automatic migration to SafeNet Trusted Access. With the enhanced access management capabilities of SafeNet Trusted Access, organizations have better control and visibility over their cloud estate with greater security, ease of use, and automated security capabilities to reduce the threats of identity-based attacks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190918005393/en/ (Photo: Thales) According to the 2019 Thales Access Management Index, the majority (97%) of IT leaders believe that cloud access management is necessary to continue their cloud adoption, and almost all (94%) have changed their security policies around access management due to a rise in security breaches in the last 12 months. With adaptive authentication and flexible access managemen