Perkii, a probiotic drinks spinout of Queensland University, has raised $4m in a funding round led by universities-backed venture capital firm Uniseed, according DealStreetAsia.
Uniquest, the tech transfer office of Queensland University, and individual investors from the Brisbane and Melbourne Angels Group also participated.
Uniseed is backed by Melbourne, New South Wales, Sydney and Queensland universities as well as the Commonwealth Scientific and Industrial Research Organisation (Csiro).
Perkii produces probiotic drinks that use microgels and natural beads as drug delivery systems to get live probiotics to the lower digestive tract. The drinks contain only 26 calories and one and a half teaspoons of sugar from apples.
The company was incubated by WStart, a program of retailer Woolworth’s.
Randy Milne, chief executive of Perkii, said: “We are excited and extremely proud to be associated with this calibre of investor. Their experience and ability to grow successful companies is evident and we are sure Perkii will continue to grow and achieve new successes with the support of this group.”
