Promip is a technology company.
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Promip has raised $6.0M across 2 funding rounds.
Promip has raised $6.0M in total across 2 funding rounds.
Promip has raised $6.0M in total across 2 funding rounds.
Promip's investors include DGF Investimentos, SP Ventures.
Promip is a Brazilian agtech company specializing in biological pest control solutions for agriculture. It develops and manufactures bio-insecticides—such as parasitoid wasps, stingless bees, and predatory mites—that provide long-term pest prevention as eco-friendly alternatives to synthetic chemicals and GMO seeds, targeting crops like soybean, cotton, tomato, and sugarcane[1][2][4]. These products enable Integrated Pest Management (IPM) programs, reducing farm production costs by up to 15% through lower regulatory and safety burdens associated with chemicals, while also offering R&D services like pesticide resistance monitoring and residue evaluation[1][2]. Promip serves large-scale farmers and agribusinesses in Brazil, with a biofactory in Santa Catarina, approximately 61 employees, and $8.5 million in revenue; it has raised $6.2 million in funding since 2006 and split into separate divisions for biological products (Promip Manejo) and services (acquired by Staphyt in recent years)[1][2][3].
Founded in 2006 in Santa Catarina, Brazil, by Marcelo Poletti and Roberto Konno, Promip started as a startup focused on biological control innovations amid Brazil's booming ag sector, which leads global exports in beef, coffee, sugar, and orange juice[1][3][4]. The idea emerged from identifying nature-based solutions to pest challenges, leading to a biofactory for mass-producing bio-insecticides like parasitoids that target pests in key crops such as soybean and sugarcane[1]. Early traction came from $6.2 million in funding and expansion into R&D services; by around 2019, it evolved into the Promip Group, with its services division (Promip Serviços) acquired by Staphyt to enter Latin American agronomical research, while the core biological products arm (Promip Manejo) continued independently[3].
Promip rides the global shift to sustainable agriculture, fueled by Brazil's $84.6 billion ag exports and rising precision farming tech like IoT, big data, and biologicals amid tractor use up 50% and irrigation up 52% in the past decade[4]. Timing aligns with regulatory pressures on synthetics and demand for IPM to cut costs/residues, positioning Promip in Brazil's agtech boom alongside peers like Solinftec (sugarcane telemetry) and Aimirim (ethanol ML)[1][4]. It influences the ecosystem by promoting bio-solutions that reduce GMO reliance, support resistance programs (e.g., IRAC Brazil), and enable scalable, eco-friendly farming for a country with 230 million cows and dominant crop outputs[1][3][4].
Promip's momentum in bio-insecticides positions it for growth as sustainability mandates tighten and Brazil's agtech integrates more AI/ML with biologicals. Expect expansion via partnerships (e.g., post-Staphyt synergies) and new products for emerging pests, shaped by trends like climate-resilient crops and global biocontrol demand. Its influence could evolve from niche innovator to key player in Latin America's green ag transition, amplifying cost savings and ecosystem health in a precision farming era.
Promip has raised $6.0M across 2 funding rounds. Most recently, it raised $4.0M Venture Round in June 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2017 | $4.0M Venture Round | DGF Investimentos, SP Ventures | |
| Aug 1, 2014 | $2.0M Series A | DGF Investimentos, SP Ventures |