AgroSavfe NV’s €3.3 million raising in its third capital raising round

Ambos NBGO has advised AgroSavfe NV and its shareholders in the preparation, negotiation and closing of a EUR 3,3 million third capital raising round.

The shareholder consortium has been joined by, amongst others, Sofinnova, being an independent venture capital firm based in Paris. Furthermore, the company’s existing shareholders, including GIMV, PMV, Biovest (Rudi Mariën), QBIC Arkiv Fund, Biotech Fonds Vlaanderen and Vlaams Instituut voor Biotechnologie (VIB), continue to support the growth of the company.

AgroSavfe is a VIB spin-off, specializing in the development of biological pesticides, called AgrobodiesTM. These AgrobodiesTM allow AgroSavfe to develop pesticides (e.g. insecticides and fungicides) based on llama antibodies. The advantage: these antibodies can be used in a lower dose and have a long lasting effect without the need to repeatedly reapply the product. Thus, they contribute to an improved, more sustainable agricultural production and are more environmental friendly. AgroSavfe will develop new formulas based on the existing AgrobodiesTM platform to diversify its plant protection products and applications.

Ambos NBGO has assisted AgroSavfe NV on the dela with a team led by Christina Trappeniers (picture), assisted by Samuel Darcheville.

Involved fees earner: Christina Trappeniers – Ambos NBGO; Samuel Darcheville – Ambos NBGO;

Law Firms: Ambos NBGO;

Clients: AgroSavfe NV;

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