Mycoverse
Category: AI in Agriculture
Danish AgTech spin-out from DTU developing AI-driven fungal-based biological crop protection solutions to replace chemical pesticides Mycoverse was founded in 2024. The company is led by Svend Petersen. Based in Copenhagen, Denmark. Team size: 1-10. Total funding raised: $4.7M. Latest round: Pre-Seed. Key investors include Future Food Fund, High-Tech Gründerfonds (HTGF), PINC (Paulig Group venture arm), BioInnovation Institute.
- Founded
- 2024
- Headquarters
- Copenhagen, Denmark
- Team size
- 1-10
- Total funding
- $4.7M
Value proposition
AI-driven discovery platform identifies high-performing fungal strains and develops bioactives that provide crop protection matching chemical pesticides, while seamlessly integrating into existing farming practices
Products and solutions
AI-driven discovery platform for identifying fungal strains and developing bioactive metabolites for crop protection, First product targeting potato late blight (Phytophthora infestans), Pipeline expansion to grapevines and other crops
Unique value
Combines AI-driven discovery with advanced fungal production technology to develop scalable biological crop protection solutions that match field performance of chemical pesticides while reducing environmental impact
Target customer
European farmers and agribusinesses seeking biological alternatives to chemical pesticides, particularly potato growers affected by late blight
Industries served
Agriculture (crop protection), AgTech, Biological crop protection, Potato farming, Viticulture (future)
Technology advantage
AI-driven discovery platform for rapid identification and screening of fungal strains (lead candidates developed in just 5 months); Advanced fungal production technology for scalable manufacturing; Spin-out from Technical University of Denmark (DTU) with strong scientific foundation
How they differentiate
Uses AI to rapidly screen and identify fungal strains with bioactive properties, achieving candidate development in 5 months vs. traditional timelines; Focuses on non-living bioactive metabolites (not living organisms) for easier integration into existing farming systems; Targets the specific regulatory-driven market shift away from chemical pesticides in Europe
Main competitors
BASF (biological crop protection division), Syngenta (biologicals portfolio), Other bio-agriculture startups developing microbial/plant-derived treatments for crop diseases
Key partnerships
Technical University of Denmark (DTU) - spin-out origin, BioInnovation Institute - grant funding and incubation, DTU Earthbound - nurture programme
Major milestones
Founded 2024 as spin-out from Technical University of Denmark (DTU), Received €1.9M grant from BioInnovation Institute, Developed lead potato blight candidates in 5 months demonstrating platform efficiency, Raised €2.4M pre-seed round co-led by Future Food Fund and HTGF with PINC participation (March 2026), Total fundraising €4.3M, Entering field trials for commercial validation
Market positioning
Early-stage AgTech biosolutions company positioned at the intersection of AI-driven discovery and biological crop protection, targeting the €1.6B+ global potato late blight market as European regulations phase out chemical pesticides
Geographic focus
Europe (primary: Denmark, broader European potato-growing regions; future: grapevine-growing regions)
About Svend Petersen
Ex-Novozymes; Neu Biologica (founder); Copenhagen Business School education
Latest news about Mycoverse
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Official website: https://earthbound.dtu.dk/portfolio/mycoverse