Olygose, a nutrition company based in France, has raised €5m ($5.93m) in a round backed by its parent university Catholic University of Louvain (CUL).

CUL, which made its investment via its Vives II fund which makes investments into spin-outs from the university, was joined in participation by food processing investor CapAgro and venture firm Emertec.

Olygose, established in 2009, is developing prebiotic fibres to be included with food, and has been shown to have a positive effect on combating obesity,…

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