# Aphea.Bio funding: rounds and investors

> Aphea.Bio has raised $87M across 2 rounds since 2017. Investors include Astanor Ventures, Innovation Industries and Qbic Fund. Every round with its source.

Source: https://millionrounds.com/company/aphea-bio (Millionrounds; every figure on the page links to its filing or article)

Belgium · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Aphea.Bio*

2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Agtech

Funding summary Updated 26 Oct 2026

**$87M** raised across 2 rounds since 2017, from 2 sources

**$10M** Series A **$77M** Series C

- **Latest round:** Series C, $77M Jul 2023
- **Step-up i:** 7.6×
- **Investors:** 10

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2019 2020 2021 2022 2023

**$10M** Series A

**$77M** Series C

- **First round:** Series A, $10M
- **Biggest round:** $77M
- **Between rounds:** 6 years

[**Aphea.Bio** Agriculture 1 / 13 Their pitch deck **Aphea.Bio's pitch deck, 13 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/apheabio)

## The rounds

- **Jul 2023** Series C **$77M** *3 new* [Astanor Ventures](https://millionrounds.com/fund/astanor-ventures) [Innovation Industries](https://millionrounds.com/fund/innovation-industries) [Qbic Fund](https://millionrounds.com/fund/qbic-fund) Source recorded
- **Jun 2017** Series A **$10M** *7 new* [VIB](https://millionrounds.com/fund/vib) [Qbic](https://millionrounds.com/fund/qbic) [Agri Ventures](https://millionrounds.com/fund/agri-ventures) Gemma Frisius Group De Ceuster V-Bio Ventures/ PMV Vives Louvain Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2017 **Series C** 2023 [Astanor Ventures](https://millionrounds.com/fund/astanor-ventures) [Innovation Industries](https://millionrounds.com/fund/innovation-industries) [Qbic Fund](https://millionrounds.com/fund/qbic-fund) [VIB](https://millionrounds.com/fund/vib) [Qbic](https://millionrounds.com/fund/qbic) [Agri Ventures](https://millionrounds.com/fund/agri-ventures) Gemma Frisius Group De Ceuster V-Bio Ventures/ PMV Vives Louvain

## Everyone who backed them

[Astanor Ventures](https://millionrounds.com/fund/astanor-ventures) VC firm **1** round

[Innovation Industries](https://millionrounds.com/fund/innovation-industries) VC firm **1** round

[Qbic Fund](https://millionrounds.com/fund/qbic-fund) VC firm **1** round

[VIB](https://millionrounds.com/fund/vib) VC firm **1** round

[Qbic](https://millionrounds.com/fund/qbic) Investment firm **1** round

[Agri Ventures](https://millionrounds.com/fund/agri-ventures) VC firm **1** round

Gemma Frisius no record of our own yet **1** round

Group De Ceuster no record of our own yet **1** round

V-Bio Ventures/ PMV no record of our own yet **1** round

Vives Louvain no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=aphea-bio).

## Also claim to have backed them

These 3 firms list Aphea.Bio as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[V-Bio Ventures](https://millionrounds.com/fund/v-bio-ventures) VC firm Per its own site

[SFPIM](https://millionrounds.com/fund/sfpim) VC firm Per its own site

[Edaphon](https://millionrounds.com/fund/edaphon) VC firm 2024, per its site

## Quick answers about Aphea.Bio

### Who invested in Aphea.Bio?

Aphea.Bio's investors include Astanor Ventures, Innovation Industries, Qbic Fund, VIB and Qbic, and 5 more on record.

### How much has Aphea.Bio raised?

Aphea.Bio has raised $87M across 2 rounds since 2017.

### When did Aphea.Bio last raise?

Aphea.Bio's most recent round was a Series C of $77M in Jul 2023.

### What was Aphea.Bio's biggest round?

Its most recent round, $77M in Jul 2023, is also its largest on record.

### Who backed Aphea.Bio first?

Aphea.Bio's first round on record, in Jun 2017, was backed by VIB, Qbic and Agri Ventures and 4 others.

### What stage is Aphea.Bio at?

Aphea.Bio's latest named round is a Series C, in Jul 2023.

### Where is Aphea.Bio based?

Aphea.Bio is based in Belgium.

## Companies like Aphea.Bio

In the same sector, and raised in the last eighteen months.

[**Paleo** $2.3M · Sept 2026](https://millionrounds.com/company/paleo)[**Rainbow Crops** $18M · Jun 2026](https://millionrounds.com/company/rainbow-crops)[**Zymofix** $2.2M · Jun 2026](https://millionrounds.com/company/zymofix)[**Biotalys** $14M · May 2026](https://millionrounds.com/company/biotalys)[**BOTALYS** $3.4M · Nov 2025](https://millionrounds.com/company/botalys)[**Permafungi** $1.2M · Nov 2025](https://millionrounds.com/company/permafungi)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app
