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.