Parkwalk Advisors joins the foodtech spin-out in its latest round.

Nandi Proteins, a food technology spin-out of Heriot Watt University Edinburgh, has raised £660,000 ($1m) in a round which includes new investors Parkwalk Technology Funds and Quilter Cheviot.

The round consists of £575,000 in capital from Parkwalk and Quilter. A further £85,000 come via existing debt conversion.

Nandi Proteins is exploiting patented technology which allows the modification and improvement of proteins in food and drinks. Its technology is low-cost and reduces both fat and sugar contents. It also does not rely on e-numbers.

The company will use the funding to bring its technology to market, advance its research and development and protect its portfolio.

Michael Brennand, executive chairman at Nandi Proteins, said: “This funding will enable us to work closely with our partners to take our products into the food ingredient marketplace. With the increasing concern over obesity, our technology has significant relevance to food producers looking at how they can reduce fats and sugars in their products without compromising the taste experience.”