ProGel
Company

Last deal

$565.95K
Local Amount - AUD 600K

Amount

Series B

Stage

30.06.2014

Date

2

all rounds

$1.11M

Total amount

date founded

Financing round

General

About Company
Progel Pty Ltd commercialises a revolutionary microencapsulation technology for active ingredients in foods, cosmetics or pharmaceuticals.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2009

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

The start-up company, formed in 2009 from the University of Queensland, offers a new method of encapsulating active ingredients that allows for small enough particles to remain undetectable by consumers while being cost-effective for manufacturers. Progel microgels are based on the calcium alginate gel system, which protects against denaturation and deactivation by gastric enzymes and the low pH environment. The technology is scalable, easy to use, and represents a step up in terms of simplicity and small particle size compared to established methods. Progel microgels are perfect for delivering bioactives, providing potential enhanced health benefits with actives released where absorption is greatest. The company's initial product targets include functional foods such as probiotic drinks or yoghurts, or omega-3 fatty acid enhanced foods, with multi-billion dollar markets growing at above 10% per year. Progel has access to top-class research facilities and highly trained technical staff with extensive experiences in probiotics research, food R&D, and project management.
Contacts

Contact Email

Phone number

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Money Raised

Their latest funding was raised on 30.06.2014. Their latest investor Uniseed Ventures. Their latest round Series B

Date 
Funding Round 
Investors 
Money Raised 
Lead 
30.06.2014
2
$565.95K
Local Amount - AUD 600K
03.06.2010
1
$548.68K
Local Amount - AUD 650K
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People

Employee Profiles
2
Cameron Turner

Cameron Turner

Chief Executive Officer

Bhesh Bhandari

Founder & Scientific Advisor

Activity

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