Minagro raises €1.2m in funding round

Minagro, a producer of green products for crop care, has raised €1.2 million in financing to expand its portfolio of greener crop care ingredients.

The funding round was led by Minagro’s new management team and included participation from Invest.BW and K&E.

Founded in 2019, Minagro develops green ingredients for crop care based on sustainable raw materials. Its greener and bio-based solutions aim to improve crop protection and nutrition while limiting the crop care industry’s impact on the environment.

Minagro intends to use the capital to continue its market validation process and to scale up its current ingredients portfolio. In addition, the funds will enable the company to operate as a stand-alone.

As part of its plans, the company will strengthen its R&D assets in bio-based and speciality chemistry, as well as develop collaboration projects to expand its product line of agrochemical ingredients. 

Arnold de Maere, managing director of Minagro, said: “Minagro is embarking on a new journey built upon its achievements over the last four years. Commercialising agrochemical ingredients is a long process. We are proud of how far we have come in testing our preservatives, adjuvants and solvents and having them registered by various crop protection and nutrition companies.”

He continued: “Today, our challenge is to innovate further with new products to combine performance and sustainability. Our focus will be on those bio-based ingredients that can be permitted in biopesticides and biostimulant products, as well as investigating the use of our ingredients in other applications.”

Koen Quaghebeur, co-founder of K&E, commented: “Our investment in Minagro supports our strategy to minimise the footprint of our product portfolio. With Minagro’s solutions, we will be able to work with high-quality products, made in a sustainable way.”

Alexandre Berbinschi, investment manager at Invest.BW., added: “In close collaboration with our regional and national ecosystem, and based on an excellent knowledge of its sector, Minagro pursues the development of innovative agrochemical solutions with the ambition of supporting the transition towards more sustainable agriculture at the European level”.