[Funding alert] Paris-based Biotech Firm Amatera Secures €1.5 million in Pre-seed Funding
Oct 26, 2023 | By Team SR
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.
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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.
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