French Oligosaccharide Specialist Wins €5 Million VC Funding
January 28, 2015
French pea starch producer, Olygose, has secured a €5 million investment from three venture capitalists – CapAgro, VIVES II – Louvain Technology Fund, and Emertec. Each allocated €1.5 million toward the company, and the remaining €500,000 was offered by existing stakeholders and angel investors. The ingredient’s main use is in confections, baked goods, and as a food supplement. In October 2014 Olygose won a glycemic-response positive health claim from the European Food Safety Authority (EFSA) enabling the company to market their product with a positive association to weight control and insulin control, further attracting interest from investors. Olygose plans to use the funds to finance international market expansion throughout Europe and beyond, and to fund clinical trials toward winning prebiotic and other health claims.
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