Fyteko, an agritech firm based in Belgium, recently secured €13 million in a Series B funding round aimed at expanding its sustainable biosolutions for agriculture. The firm, which specializes in biologically-driven agricultural solutions that improve climate resilience, is poised for growth in response to rising demand for sustainable farming practices. Their patented technology focuses on creating biostimulants, herbicide enhancers, and biopesticides. Their commitment to innovation is evident through extensive research and numerous trials across Europe, enabling farmers to adapt to climate change and preserve biodiversity. The funding will significantly boost their scale-up initiatives.
"We see a future where the world's farmers can feed a growing population, using safe and sustainable inputs," says Fyteko.
Fyteko has developed a patented enzymatic synthesis technology using biosourced molecules to create biostimulants, herbicide enhancers, and biopesticides.
After years of research, Fyteko has conducted over 500 field trials, filed six patent families, and treated more than 500,000 hectares to enhance drought tolerance.
The company participated in the European Union's Horizon 2020 programme, helping to enhance product formulation and scaled production contributing to its full European launch.
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