Total Funding
23
Total FundingSeries B raised
Growth Score
pts
Heat Score
17 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
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445365
Progel Pty Ltd was formed in 2009 to commercialise a new microencapsulation technology.
Bhesh Bhandari: Founder & Scientific Advisor
Cameron Turner: Chief Executive Officer
About the Company
ProGel is a start-up company from the University of Queensland commercialising a revolutionary method of encapsulating active ingredients for inclusion in foods, cosmetics or pharmaceuticals. In certain applications ProGel allows for the first time encapsulated high value additives small enough to remain undetectable by the consumer, whilst still
being cost effective to the manufacturer of the ingredients.
This technology can make dry and liquid stable microgels, with the initial product targets being functional foods such as probiotic drinks or yoghurts, or omega-3 fatty acid enhanced foods. Multi-billion dollar markets have grown around each of these additives, and importantly they are each growing at above 10% per year.
