France

[Funding alert] Paris-based Biotech Firm Amatera Secures €1.5 million in Pre-seed Funding

Oct 26, 2023 | By Startup Rise EU

Paris-based Biotech Firm Amatera secures €1.5 million in pre-seed funding round was led by PINC (Paulig’s venture arm) and included participation from Exceptional Ventures, Mudcake, Joyance Partners, Agfunder and some angel investors including Nicolas Morin-Forest from Gourmey.
OMAR DEKKICHE - CEO (Left) , LUCIE KRIEGSHAUSER - CTO (Right)

Paris-based Biotech Firm Amatera secures €1.5 million in pre-seed funding round was led by PINC (Paulig’s venture arm) and included participation from Exceptional Ventures, Mudcake, Joyance Partners, Agfunder and some angel investors including Nicolas Morin-Forest from Gourmey.

For usage with perennial crops, Amatera developed a non-GMO breeding platform that speeds up plant selection and cross-breeding while advancing plant cell culture.

First, due to diseases and climate change, methods are being utilized to maintain coffee plants, assisting them in adapting to the environment they are now required to thrive in.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Belgian-based Peripass Raises €7.5 Million in Funding
Startup Rise EU
Feb 3, 2024
recomd
Funding
[Funding alert] Munich-based Silencio Network Secures €928K in Pre-Seed Round Funding
Startup Rise EU
Feb 19, 2024
recomd
Funding
[Funding alert] London-based Unfabled Secures $1.6Million in Seed Funding
Startup Rise EU
Feb 20, 2024

Read also -  Amsterdam-based Climate Tech Startup Overstory Secures $14M Series A Round Funding

Lucie Kriegshauser, CTO of Amatera said, “Our approach is based on accelerating the plant’s natural evolution at the cellular level, which is an alternative non-GMO route to genome editing. The technology as such is not new but applying it to perennial crops such as coffee is, since they are more complicated and require several breakthroughs in cell biology,"

Kriegshauser who founded the firm with Omar Dekkiche said,"This is also why gene editing techniques are struggling. Our technology is a real game-changer and opens up the avenue to applying it on several other crops, such as cacao, bananas and grapes or even pharmaceutical plants,".

Marika King, Head of PINC said, “We love the disruptive potential and versatility of the platform since it can be used on several crops. Coffee has traditionally not received as much research and innovation as many other crops globally, and as coffee is one of Paulig’s core products, we are of course happy that Amatera’s first solution involves coffee,".

About Amatera

Amatera's goal is to create the coffee types of the future by utilizing cutting-edge biotechnology processes. While we consume a trillion cups of coffee annually—a figure that is projected to triple by 2050—rising temperatures will, in the interim, cause a fifty percent decrease in the area appropriate for coffee cultivation.

To meet this enormous demand, it has to be done to create coffee varietals that are more climate resilient and sustainable.

Read also - Accenture Acquires ON Service GROUP to Help Insurers in Germany Improve Operational Resiliency

Recommended Stories for You

story
Recent Articles

Serial Entrepreneurs Launch SalesTech Start-Up Dealside

Startup Rise EU Mar 1, 2024

story
Ireland

Dublin-based Allegion plc Acquired Boss Door Controls

Startup Rise EU Feb 5, 2024

story
Funding

Grey Wolf Therapeutics funding news – Clinical-stage Biotechnology Company Grey Wolf Therapeutics Secures $50 Million in Series B Round Funding

Startup Rise EU May 24, 2024

story
Funding

[Funding alert] London-based Fintech Startup Kriya Raises €58 Million in Funding

Startup Rise EU Jan 31, 2024

story
Funding

[Funding alert] Munich-based ZenML Secures $3.7M in Seed Funding

Startup Rise EU Oct 24, 2023

story
Italy

[Funding alert] Apheon Acquires a Majority Stake in Salpa

Startup Rise EU Dec 22, 2023