Olygose, a nutrition company based in France, has raised €5m ($5.9m) in a round backed by its Belgium’s largest French-speaking university, Catholic University of Louvain (CUL).
CUL, which made its investment via its spin-outs Vives II fund, managed by technology transfer unit Sopartec, was joined in the round by food processing venture investor CapAgro and venture firm Emertec.
CapAgro is a €37m fund set up in September and backed by French state-owned BPIfrance, France-based sugar maker Tereos, oils company Sofiprotéol and bank Crédit Agricole.
Olygose, established in 2009, is developing prebiotic fibres to be included with food that have been shown to have a positive effect on combating obesity, diabetes, and metabolic syndrome. Its technology could also be included with specialised nutritional programmes for patients at high cardiovascular risk.
A version of this article was originally published by Global University Venturing