Mycoverse, a Danish AgTech startup focused on biological crop protection, has raised €2.4 million in pre-seed equity funding to advance development of its first product targeting potato late blight, one of Europe’s most damaging crop diseases.
The round was co-led by Future Food Fund and High-Tech Gründerfonds (HTGF), with participation from PINC, the venture arm of Paulig. The company previously secured €1.9 million from the BioInnovation Institute, bringing total funding to €4.3 million.
What The Company Does
Founded in 2024 as a spin-out from the Technical University of Denmark (DTU), Mycoverse develops fungal-based biological alternatives to conventional chemical crop protection. The company combines an AI-driven discovery platform with proprietary fungal production technology to identify and scale bioactive strains capable of protecting crops from disease.
Its platform analyses large datasets to detect promising fungal candidates, accelerating strain identification and optimisation. These strains are then developed into biological crop protection solutions designed to integrate into existing farming practices without requiring structural changes to application methods or equipment.
The company’s initial product focus is potato late blight, a disease that causes significant yield losses across Europe. However, the underlying platform is adaptable to additional crops, including grapevine and other high-value agricultural sectors.
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Market Context / Industry Background
Agriculture across Europe is undergoing structural change as regulatory pressure and environmental concerns drive reduced reliance on synthetic chemical inputs. Crop diseases such as potato late blight remain major threats to food production, yet conventional fungicides face increasing scrutiny due to environmental impact and resistance development.
Biological crop protection solutions are gaining traction as part of a broader transition toward sustainable farming systems. However, achieving field-level performance comparable to chemical alternatives remains a key technical challenge.
Advances in AI-assisted strain discovery and scalable microbial production are enabling a new generation of biological products that aim to balance environmental sustainability with commercial viability. Investors are increasingly aligning agricultural innovation strategies with frameworks such as planetary boundaries and regenerative farming models.
Founder / Investor Commentary
CEO and co-founder Svend Petersen stated that the funding will accelerate field trials and bring the company closer to delivering biological crop protection products that can be adopted within existing farming systems.
Kim Wagenaar, Investment Director at Future Food Fund, noted that the investment aligns with a strategy focused on supporting agricultural innovation within environmental limits. He highlighted the company’s combination of AI-driven discovery and fungal production technology as a pathway toward biological solutions capable of delivering competitive field performance while reducing systemic environmental pressure.
Growth Plans / Use Of Funds
The €2.4 million in new funding will primarily support expansion of Mycoverse’s field trial programme, validation of its potato late blight solution, and continued development of its AI-enabled discovery platform. The company aims to demonstrate consistent efficacy under real-world agricultural conditions while advancing regulatory and commercial readiness.
Beyond its first product, Mycoverse plans to leverage its platform to address additional crop protection challenges across multiple agricultural sectors, scaling its biological production capabilities to support broader market entry.
About Mycoverse
Mycoverse is a Denmark-based agricultural biotechnology company developing fungal-based biological crop protection solutions. Founded in 2024 as a spin-out from the Technical University of Denmark. The company combines AI-driven strain discovery with scalable fungal production technologies to create sustainable alternatives to chemical crop protection, supporting resilient and environmentally responsible farming systems.
