Meala FoodTech, Ltd., a Haifa, Israel-based developer of a functional protein platform, closed a USD1.9M in pre-seed funding.
The round was led by The Kitchen FoodTech Hub, part of The Strauss-Group and DSM Venturing (the corporate venture arm of the Dutch multinational Royal DSM); with participation of Milk & Honey Ventures.
The company intends to use the funds to continue to develop its platform technology and accelerate from lab to pilot scale.
Founded in 2021 by product innovation specialist Hadar Ekhoiz Razmovich; Tali Feldman Sivan, PhD, a serial entrepreneur and business strategist; and Liran Gruda, CIO and culinary chef, Meala has developed technology that enables the development of functional proteins for multiple meat replacements, including burgers, sausages, nuggets with egg and fish alternatives in development. The platform enables formulators to boost meat analogues with better nutritional value and functional properties using a short list of ingredients as in real meat.
The technology works with a versatile range of plant proteins and can be easily integrated into CPG products through existing manufacturing lines.
FinSMEs
08/02/2023