Biopeszticid Kft.
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Biopeszticid Kft. - overview
Location
Pecs, -, Hungary
Primary Industry
Chemicals
About
Biopeszticid Kft. focuses on developing and marketing innovative biological pesticides, particularly targeting agricultural diseases affecting rice crops. The company leverages bacteriophage technology to provide sustainable pest management solutions. Biopeszticid Kft.
specializes in the research and production of biological pesticides aimed at combating agricultural diseases, particularly leaf blight in rice. The company is headquartered in Pecs, Hungary. In August 2019, Biopeszticid Kft. raised EUR 0.
1 million from Hiventures in a funding round, marking its second deal to date. The company was founded by individuals committed to advancing agricultural sustainability and has not undergone any significant strategic pivots or changes in ownership. Biopesticide Ltd. specializes in the research, development, production, and marketing of biological pesticides, focusing on bacteriophage-based products to combat leaf blight disease in rice.
Their flagship product targets Xanthomonas oryzae pv. oryzae (Xoo), a bacterium that causes extensive agricultural damage, especially in Asia and Africa. The company aims to offer effective alternatives to conventional pesticides that fail against this pathogen, catering mainly to rice farmers and agricultural cooperatives in international markets, particularly those significantly impacted by leaf blight. In 2023, Biopesticide Ltd.
reported a revenue of EUR 898. 9 mn, with an EBITDA of EUR -192,293. 9. The company generates revenue through direct sales to agricultural businesses and partnerships with distributors that serve rice farmers, utilizing B2B agreements for product delivery.
Biopeszticid Kft. is focused on expanding its product line and market reach. There are plans for the development and launch of new biopesticide products aimed at enhancing crop protection against emerging agricultural threats. The company is targeting expansion into new geographic markets, with a specific focus on regions heavily affected by rice diseases.
The recent funding of EUR 0. 1 million will be utilized to support product development initiatives and facilitate entry into these new markets.
Current Investors
Hiventures
Primary Industry
Chemicals
Sub Industries
Agricultural Chemicals
Website
www.biopesticide.eu
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Biopeszticid Kft. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 3,049,000 | 1,671,000 | 1,538,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | (45.2%) | (8.0%) | - | - | - |
| EBITDA (USD) | (3,997,000) | (3,725,000) | - | (26,906,000) | - | - | - |
| Operating Income (USD) | (3,997,000) | (3,800,000) | - | (33,517,000) | - | - | - |
| Operating Margin | - | (124.6%) | - | (2179.3%) | - | - | - |
| % EBITDA Margin | - | (122.2%) | - | (1749.4%) | - | - | - |
| NET Income (USD) | (3,997,000) | 192,000 | (19,401,000) | (33,622,000) | - | - | - |
| % Net Margin | - | 6.3% | (1161.0%) | (2186.1%) | - | - | - |
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