PerformaNat, a Berlin, Germany-based animal feed startup, raised a seven-figure venture capital funding round of undisclosed amount.
Backers included High-Tech Gründerfonds, Bamac GmbH and business angel Markus Plümer.
The company intends to use the funds for further development of new, innovative ingredients.
Founded in 2015 as a spin-off of the veterinary medicine department of the Freie Universität Berlin, PerformaNat develops animal-feed additives that optimize the intake of nutrients from animal feed based on scientific findings from in-vitro and in-vivo studies carried out by founders Dr. Julia Rosendahl, Hannah Braun and Katharina Schrapers within the framework of the EXIST Transfer of Research Grant Program of the German Federal Ministry for Economic Affairs and Energy.
The company has already out-licenced its first product – a feed additive for dairy cows – to an international sales partner in the veterinary pharmaceuticals industry. The product is already available on the market and PerformaNat will now integrate this technology into further fields of application.