# Prolupin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prolupin

- Industry: Food
- Headquarters: Germany
- Website: www.prolupin.de
- Total disclosed funding: $2.6M
- Latest round: Series E (Oct 2, 2020)
- Investors on record: 6

## About

Prolupin GmbH specializes in producing high-quality plant protein ingredients, particularly lupin proteins, addressing the demand for sustainable and nutritious food options in the market.Founded in 2010 in Germany, Prolupin GmbH operates in the plant-based protein sector, focusing on lupin proteins. The company was acquired by Wide Open Agriculture Ltd in October 2023 for EUR 2.5 mn. The acquisition aims to enhance Wide Open Agriculture's market presence in Europe. Paul Denayer is the CEO of Prolupin GmbH.Prolupin GmbH's primary products consist of high-performance lupin protein ingredients aimed at food and beverage manufacturers. These ingredients are designed to cater to the growing demand for plant-based proteins that support sustainable agricultural practices. The products are marketed mainly in Australia, targeting customers who prioritize eco-friendly food options.Prolupin GmbH generates revenue through B2B sales of its lupin protein products, which are sold in bulk to food manufacturers and distributors. The pricing is based on order volume and specific client requirements, allowing the company to establish a distribution network that facilitates product access in various markets.Following its acquisition by Wide Open Agriculture Ltd, Prolupin GmbH is positioned for growth through market expansion in Europe. The recent funding of EUR 2.5 mn will be allocated to support this strategy. The company aims to introduce new products designed for diverse culinary applications, enhancing its product offerings to meet increasing demand in the food sector.

## Funding rounds

- Series E, Oct 2, 2020 — Capricorn Partners, Munich Venture Partners, eCAPITAL, Novax, ECBF
- Series C, Jun 1, 2015 — Munich Venture Partners, eCAPITAL
- Series B, Jul 1, 2014 — Munich Venture Partners, eCAPITAL
- Series B, Oct 18, 2012, $2.6M — Munich Venture Partners, Fraunhofer Venture

## Investors

- Munich Venture Partners (https://capitalatlas.ai/funds/munich-venture-partners) — Series B, Series C, Series E
- Fraunhofer Venture (https://capitalatlas.ai/funds/fraunhofer-venture) — Series B
- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series B, Series C, Series E
- Capricorn Partners (https://capitalatlas.ai/funds/capricorn-partners) — Series E
- Novax (https://capitalatlas.ai/funds/novax) — Series E
- ECBF (https://capitalatlas.ai/funds/ecbf) — Series E