Key Takeaways
- Successful Funding: Oligofeed has secured 600K€ in pre-seed funding to advance its mission of pollinator preservation.
- Leadership Investment: The round was led by The Yield Lab Europe, a fund specializing in sustainable agtech, highlighting a shared commitment to sustainable agriculture.
- Diverse Investor Support: Other prominent investors include CCI Capital Croissance and Établissements Peugeot Frères, enhancing Oligofeed’s development prospects with their industry experience.
- Product Development: Funds will accelerate the introduction of Oligofeed’s first product, a bee feed designed to boost immune systems, which has been tested across 1,300 hives in 5 countries.
- Future Goals: Oligofeed aims to provide solid scientific evidence supporting the efficacy of its products, addressing urgent needs in the beekeeping sector.
Oligofeed, a French deep tech startup, is excited to announce the successful closure of a 600K€ pre-seed funding round to accelerate the development and market introduction of innovative bee feeds. This funding marks a significant milestone in Oligofeed’s mission to enhance pollinator preservation, a crucial factor in maintaining global food supply stability.
Lead Investors and Their Impact
The funding round was led by The Yield Lab Europe, a renowned fund known for its focus on sustainable agtech investments. The alignment of values between Oligofeed and The Yield Lab Europe has established a strong foundation for future growth and impact-driven innovation in sustainable agriculture. The participation of experienced investors such as CCI Capital Croissance and Établissements Peugeot Frères further bolsters Oligofeed’s capability to bring their scientific advancements to the market.
The Significance of the Investment
Aneta Ozieranska, CEO and co-founder of Oligofeed, emphasized the importance of this funding in the context of declining pollinator health. “With the decline in pollinator health, the funding ecosystem must support innovative approaches to address this issue,” she stated. This funding will enable Oligofeed to enhance their product offerings and extend their market reach.
Product Development and Goals
Oligofeed’s inaugural product, a scientifically formulated bee feed, aims to boost bees’ immune systems, thereby improving their health and productivity. This product has undergone eight years of rigorous research and testing across 1,300 hives in five countries. Sébastien Floquet, CSO and co-founder, highlighted the company’s commitment to backing their solutions with robust scientific evidence to meet the urgent demands of the beekeeping sector.
Photo by Wally Holden on Unsplash
