Proteinea
OperatingProteinea is an insect-based biotechnology startup based in Egypt/US.
- Biotechnology
- Cairo, Egypt
- Seed
- Founded 2019
- proteinea.com ↗
- Total raised
- $590K
- disclosed
- Last round
- $500K
- Convertible Note
- Rounds
- 4
- since 2019
- Investors
- 4
- on record
- Employees
- 11-50
About Proteinea
Proteinea is an insect-based biotechnology startup based in Egypt/US. We are replacing the single-cell technologies with an insect-based production platform as a next-gen bio-manufacturing platform. We are turning the mass-reared insect larvae into mini-biofactories to produce recombinant proteins on a scale at a lower cost, reducing the capital and operational costs of conventional bioreactors.
Proteinea funding4 rounds
All 4 rounds →Proteinea has raised $590K across 4 disclosed rounds. The latest is a Seed announced 26 Feb 2021, led by SOSV.
- $90KGrantGrant, $90K, $90K raised to date
- $500KConvertible NoteConvertible Note, $500K, $590K raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in Proteinea
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 26 Feb 2021 | Proteinea Seed | SOSV +1 | Not disclosed |
| 26 Feb 2021 | Proteinea Convertible Note | SOSV +1 | $500K |
| 01 Jan 2020 | Proteinea Convertible Note | 500 Global | Not disclosed |
| 29 Aug 2019 | Proteinea Grant | ChangeLabs | $90K |
Proteinea founders & team
- Abdulaziz ElgammalCo-founder & CTO
- Mahmoud EljendyCo-founder & CEO
Proteinea competitorssame sector · similar funding
- NewForm FoodsCape Town, South Africa
- BioCODEStellenbosch, South Africa
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Frequently asked about Proteinea
- Where is Proteinea based and when was it founded?
- Proteinea is headquartered in Cairo, Egypt and was founded in 2019.
- Who founded Proteinea?
- Proteinea was founded by Abdulaziz Elgammal (Co-founder & CTO) and Mahmoud Eljendy (Co-founder & CEO).
- Who is the CEO of Proteinea?
- Mahmoud Eljendy is Proteinea's Co-founder & CEO.
- How much funding has Proteinea raised?
- Proteinea has raised $590K across 4 disclosed rounds. Its latest, a Seed, was announced on Feb 26, 2021.
- Who has invested in Proteinea?
- Backers include IndieBio, SOSV, 500 Global and ChangeLabs.
- What sector is Proteinea in?
- Proteinea operates in Biotechnology.
