Funding round
BioFirst Group Growth
Reported as "Growth Equity"
BioFirst Group, which works in biological crop protection product manufacturing in Westerlo, raised $423M in a Growth round announced on 30 Sep 2023. 2 firms took part.
$423M
Amount raised
400,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
BioFirst Group did not disclose a valuation in this round. It is BioFirst Group's first venture round on record, 36 years after it was founded in 1987. No later venture round is on record for BioFirst Group.
BioFirst Group's funding rounds
This is the only venture round on record for BioFirst Group.
- Growth this round 30 Sep 2023 $423M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- M&G Investments
- backs 21 venture-backed companies
Comparable rounds
How it compares
22 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $70M, and this round was 6.1 times the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Indigo Ag Chemicals | 15 Sep 2023 | $250M | not disclosed | Flagship Pioneering |
| Chemicals | 12 Oct 2023 | $325M | not disclosed | Macquarie |
| Chemicals | 11 Jul 2023 | $80M | not disclosed | Blue Earth Capital |
| Chemicals | 18 Jul 2023 | $28M | not disclosed | not named |
| Chemicals | 5 Jun 2023 | $78M | not disclosed | Paine Schwartz Partners |
| Chemicals | 27 Jun 2023 | $30M | not disclosed | Equinor Ventures |
| Chemicals | 31 May 2023 | $50M | not disclosed | Indigo Partners |
| Chemicals | 15 Feb 2024 | $150M | not disclosed | HAL Investments |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did BioFirst Group raise in its Growth round?
BioFirst Group raised $423M in its Growth round, announced in Sep 2023.
Which investors took part in BioFirst Group's Growth round?
M&G Investments and Tikehau Capital.
What was BioFirst Group's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Chemicals?
22 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $70M, and this round was 6.1 times the median.