South Africa’s Immobazyme Raises $1.3M to Boost Production of Precision Fermentation-Derived Proteins
South Africa’s Immobazyme, a precision fermentation company spin-off from Stellenbosch University, has raised $1.3 million in a recent investment round led by the University Technology Fund (UTF) with the participation of Innovus (University of Stellenbosch Enterprises). Immobazyme develops high-value proteins for various industries, including cultivated meat. The new capital will support the company’s production expansion, which includes doubling its current facility size and scaling its platform. This round brings its total raised capital to ZAR 24 million. “We’re incredibly grateful to all our investors and partners for recognizing the value and impact of our work. Daniel S., Wayne Stocks, and the rest of the team at The University Technology Fund (UTF), having you in our corner has been paramount to our success. A big thank you …