Denmark’s Mycoverse Raises €2.4M For Fungal Crop Protection

The round was co-led by Future Food Fund and High-Tech Gründerfonds (HTGF), with participation from PINC, the venture arm of Paulig. Mycoverse previously received €1.9 million from the BioInnovation Institute, bringing its total funding to €4.3 million.

Founded in 2024 as a spin-out from the Technical University of Denmark (DTU), Mycoverse uses an AI-driven discovery platform to identify promising fungal strains and develop bioactive compounds for crop protection.

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Combined with its proprietary fungal production technology, the approach enables scalable, biological solutions designed to integrate seamlessly into existing farming systems.

While the company’s initial focus is on potato late blight, its platform is adaptable to other crops, including grapevine.

Svend Petersen, CEO and co-founder of Mycoverse, commented, “This funding allows us to rapidly expand our field trials programme bringing us closer to delivering reliable biological crop protection products that farmers can adopt without changing their existing practices.”

Kim Wagenaar, Investment Director at Future Food Fund said, “Our investment strategy is guided by the Planetary Boundaries framework, supporting innovations that allow food production to operate within Earth’s safe limits. Mycoverse combines AI driven discovery with advanced fungal production technology to deliver biological solutions that can match field performance while reducing systemic environmental pressure.”

About Mycoverse

Mycoverse develops fungal-based biological crop protection solutions that help agriculture transition from chemical inputs to sustainable biology-driven alternatives. Focused on row crops the company leverages advanced research and scalable production technologies to deliver effective environmentally responsible solutions that enhance crop resilience and long-term farm productivity.