[Funding alert] French-based Biotech startup Toopi Organics Secures €8.4 Million in Funding
Nov 14, 2023 | By Startup Rise EU
French-based biotech startup toopi Organics secures €8.4 million in funding from the EIC Accelerator. Europe’s flagship innovation programme for deeptech startups.
Funding includes a €2.4 million non-dilutive grant, as well as €6 million in equity to be invested in 2025. Toopi Organics’ first move will consist in launching 120 agronomic trials in 6 target member states: Belgium, Netherlands, Germany, Spain, Portugal and Italy.
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Every year, 200 billion litres of urine are flushed away with over 6 trillion litres of drinking water in EU toilets. Concurrently, Europe faces increasingly frequent and severe drought conditions[1], and remains highly dependent on fertilizer imports (>70% for phosphorus)[2] .
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Alexandra Carpentier, CEO of Toopi Organics said, “We believe urine is the missing link to close the nutrient loop between consumers and farmers, Urine does not contain enough nutrients to feed plants, but it is an excellent medium to cultivate micro-organisms of agronomic interest. These micro-organisms can solubilize soil phosphorus, capture atmospheric nitrogen, or protect crops from drought stress. Upcycling urine is therefore beneficial on many levels: water preservation, fertilizer use and soil quality, as well as carbon footprint and crop productivity.”
Michael Roes, co-founder and President of Toopi Organics said, “Our first full-scale industrial site in France will be up and running in 2025, and a second one will follow in Belgium. With the support of the EIC, we can think bigger. We will explore the needs of both Northern and Southern European countries, test our product on local crops, begin exporting our products, and plan the construction of two additional factories in the EU. Everything will therefore be twice as big: the team, the number of farmers we serve, the volumes of urine to collect, and our impact in terms of water preservation and fertilizer-related CO2 emissions.”
About Toopi Organics
Toopi Organics, founded in 2019, is a high-impact biotechnology company that transforms human urine into microbial plant biostimulants for agriculture. Headquartered in the South-West of France, Toopi Organics now has a team of 34 employees spanning France and Belgium.
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