Eng

Israeli meat alternative startup SavorEat raises USD 3 million

KrASIA
更新於 2020年07月29日10:33 • 發布於 2020年07月29日12:05 • NoCamels

Israeli plant-based meat alternative startup SavorEat will receive USD 3 million with an option for an additional USD 1 million from investment houses Mor and Meitav Dash, which said they were entering the foodtech sector, according to Globes.

The investment is at a company valuation of USD 25 million and will be conducted in two stages in accordance with the company’s milestones. The first USD 1 million will be invested immediately at a valuation of USD 13 million, and then an additional USD 2 million will be invested at a valuation of up to USD 35 million, according to the report.

The financing round was led by Ori Mor of the Mor Langermann investment bank.

廣告(請繼續閱讀本文)

Founded in 2018, SavorEat is developing a processing method to create plant-based products for use as meat substitutes. The company’s solution combines 3D printing technology and nutritious plant-based ingredients, enabling the creation of a variety of appetizing products that can be cooked, grilled, or baked. SavorEat was founded by CEO Racheli Vizman, chief scientist Oded Shoseyov, and Ido Braslevsky. The technology was developed at the Hebrew University’s Faculty of Agriculture and has received an exclusive commercialization license from the Hebrew University’s Yissum technology transfer company.

kr asia community
廣告(請繼續閱讀本文)

Read this: China’s answer to Beyond Meat predilects local cuisine

“We believe that only a quality and healthy alternative to meat will succeed in leading the wishes for change of reducing meat consumption. Through the last financing round, we will work to realize this outlook and bring unique technology to the market that can lead the foodtech market,” SavorEat CEO Racheli Vizman said. “The fact that significant institutions in the capital market have expressed confidence in us makes us very happy, and we believe that they will see justification in their investment in the not very long-term.”

“The unique technology that we have developed will be the next thing in the meat alternatives market. The technology not only simulates taste but also the unique colors and smells of meat, as well as the unique texture and experience of eating meat, and that is without foregoing the nutritional composition of the serving. This is a leap forward compared with the conventional methods of manufacturing with most companies currently producing the same texture,” she said.

廣告(請繼續閱讀本文)

This article first appeared in NoCamels, which covers innovations from Israel for a global audience.

查看原始文章

更多 Eng 相關文章

Museum collecting 4,000-year-old relics opens in Chinese county
XINHUA
Most Hezbollah weapon facilities in Beirut's suburbs destroyed: Israeli military
XINHUA
A SPAC III Acquisition Corp. Announces Closing of $55 Million Initial Public Offering
PR Newswire (美通社)
XChange TEC.INC RECEIVES NASDAQ MINIMUM BID PRICE DEFICIENCY NOTICE
PR Newswire (美通社)
With SA8000 Certification, WIN WIN Company and its solar brand WINAICO Support Human Rights in 9 elements.
PR Newswire (美通社)
City Beach taps Andisor to Transform Supplier Management and Enhance their Customers' Experience
PR Newswire (美通社)
Auraya's ArmorVox™ 18 is elevating Voice Biometrics to New Heights
PR Newswire (美通社)
Editor’s picks: November lookbook inspired by fall essentials, from jackets to boots
Tatler Hong Kong
【C.S】Cordyceps Sunshine Biotech Group Sets Sights on Becoming the Largest Supplier of Taiwanofungus Raw Materials and Franchise Chain in the Asia-Pacific Market Within Three Years
PR Newswire (美通社)
CGTN AMERICA & CCTV UN: Chinese Films Gain Ground at 45th American Film Market
PR Newswire (美通社)
AEON Mall Tebrau City Unveils AEON Tebrau City Food Hall and Johor's First Tsutaya Bookstore
PR Newswire (美通社)
Wu Lei ruled out of China's WC qualifier against Bahrain
XINHUA
Hydrexia To Facilitate Hydrogen Development in Malaysia
PR Newswire (美通社)
State Grid Aksu Power Supply Company Leads New Transformation in Regional Water Resources Management
PR Newswire (美通社)
Daqo New Energy Corp. to Hold Annual General Meeting on December 10, 2024
PR Newswire (美通社)
CNN's 'Artisans' explores how the millennium-old Japanese craft of woodworking is being preserved in the 21st century
PR Newswire (美通社)