New Investments
South African Biotech Startup Immobazyme Secures $1.3 Million in Funding
The funding was led by the The University Technology Fund (UTF) and University of Stellenbosch Enterprises.
Immobazyme leverages precision fermentation technology to develop high-value protein ingredients.
Their product range includes growth factors for the burgeoning cell-cultured meat industry, enzymes like dextranase for the sugar industry, and food ingredients for the food and beverage sector.
With this funding boost, Immobazyme plans to double the size of its production facility and expand its capacity.
This investment highlights the growing interest in alternative protein sources and the potential of precision fermentation technology.
Immobazyme’s expansion plans position them to play a significant role in these developing markets.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Egypt-Born AI Startup DXwand Secures $4 Million Series A Funding to Fuel Growth
DXwand, a leading AI startup operating across Egypt and the United Arab Emirates, has secured $4 million in Series A funding to accelerate its expansion across the Middle East and North Africa (MENA) region.
Rensource Energy, one of the leading Nigerian distributed energy services companies, has secured $15 million in funding from Afrigreen Debt Impact Fund SLP
The investment is set to fuel Rensource’s expansion plans and strengthen its position as a key player in the country’s solar energy market.
Sanari Capital Raises $80 Million to Scale Technology-Driven African Businesses
Sanari Capital, a South African private equity firm, has announced the successful final close of its Sanari 3S Growth Fund, raising R1.5 billion (approximately $80 million).