Context

Founded in 2010 as a spin-off from national research institute Fraunhofer IVV, Prolupin is based in Grimmen, Germany and provides dairy alternatives such as yoghurt, ice cream, drinks and spreads under the brand name “Made with LUVE”.

Prolupin’s proprietary technology, used to produce a highly functional protein isolate from locally grown lupine crops, is the result of over 20 years of research conducted by Fraunhofer Institute. The products meet consumers’ increasing demand for sustainable, plant-based alternatives that are free from lactose, cholesterol, gluten and GMO. Lupines can be cultivated locally almost everywhere, grow on poor soil and improve soil quality. Increasing consumer awareness for alternative, plant-based protein sources as well as sustainability and local sourcing is driving Prolupin’s growth.

The investment from Capricorn Partners and Novax brings a broad mix of technology expertise and industry network to Prolupin as it seeks to grow its lupine-based offerings in both B2B and the B2C markets. These include non-dairy yoghurts, drinks, ice creams and cream cheeses sold on the European market under the vegan “Made with LUVE” brand.

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About Prolupin

Prolupin is a spin-out from the Fraunhofer Institute for Process Technology and Packaging in Munich, with deep scientific expertise and a patent-protected process for producing protein isolates from lupines. The company produces and markets a range of purely plant-based non-dairy alternatives to yoghurts, drinks, ice creams and cheeses to address the growing demand for plant-based food aimed at consumers who are focused on health and sustainability.

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Falk Müller-Veerse

Investment Banking

Falk Müller-Veerse photo

Hendrik Wolters Fahlenkamp

Investment Banking

Hendrik Wolters Fahlenkamp photo

Deal Team

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