Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Prolupin, the Germany-based dairy alternatives spinout of Fraunhofer Institute for Process Engineering and Packaging, has secured an extension of undisclosed size from the European Circular Bioeconomy Fund, a vehicle backed by the EU-owned European Investment Bank. The money follows an initial $15.3m tranche in March 2020 co-led by Novax, an investment vehicle for conglomerate Axel Johnson. Prolupin produces vegan equivalents of dairy products made with lupins, a bitter-tasting legume that originates from the same crop family as peanuts and soybeans. The funding will help target growth focused on international expansion.
Edinburgh Napier University has formed UK-based cybersecurity spinout Memcrypt, the Scotsman reported yesterday. Memcrypt specialises in ransomware attacks where criminals encrypt stolen data to force payment of a ransom. Bill Buchanan, professor at the School of Computing, is one of the co-founders having contributed to three earlier cybersecurity spinouts from the same university: ZoneFox, Symphonic Software and
