AGRIODOR raises €5M to expand innovative agroecological biocontrol solutions against insects
Summary
Paris, May 2nd, 2023 - AGRIODOR announces the closing of a 5 million funding round led by Capagro, Cap Horn, BNP Paribas D\xe9veloppement, SWEN Capital Partners and Breizh Up (UI Investissement).AGRIODOR has recently unveiled a new, unique, and patented biocontrol technology. The developed solutions combine fragrances based on kairomones (attractants) and allomones (repellents) that modify the behavior of pest insects and allow for the reduction of damage caused to crops while respecting the environment and biodiversity.An alternative to neonicotinoids that helps save the sugar beet industry in France and Europe.The company aims to accelerate four new projects. Under the scientific leadership of En\xe9 LEPPIK PhD (CTO), AGRIODOR brings together a multidisciplinary team also led by Camille DELPOUX (COO) and Alain THIBAULT (CEO), who are committed to reducing the use of phytosanitary products by offering effective alternative solutions to farmers. Capagros team of seasoned investors is unique in combining strong sector expertise with a wide range of international experience.For further information see: www.capagro.frCapHorn is a Paris-based VC firm investing in innovative companies across Europe, focusing on Healthtech, Sustainability, and Enterprise software. The firm, established in 2011, is part of the Anaxago Group.SWEN Capital Partners is a leading player in sustainable investment in private equity, infrastructure and mezzanine debt, with more than 7.7 billion (cumulative commitments) in assets under management and advisory, and employs nearly 100 people.