Gavan Technologies Secures $8M to Launch Innovative Plant-Based Fat in Europe
In a significant move toward transforming the food industry, Gavan Technologies, Ltd., a pioneering FoodTech start-up, has announced the successful acquisition of $8 million in A-round funding. This financial boost will empower Gavan to introduce its novel plant-based fat solution, Fatrix, into the European market, targeting the bakery and dairy segments specifically. This funding round, led by MoreVC, a notable Israeli venture capital firm, attracted investments from several key players including Lever VC and EIT Food, demonstrating the robust confidence in Gavan’s potential.
The newly raised capital will facilitate the establishment of a pilot production facility in Europe, set to commence operations in April 2025. This facility will feature a cutting-edge production line to manufacture Fatrix, enabling Gavan to rapidly expand its commercial footprint across Europe. Fatrix stands out as a plant protein-based fat that offers an exceptional solution for food manufacturers aiming to achieve improved nutritional scores by lowering overall fat, particularly saturated fat levels. It provides a clean label alternative to traditional animal fats, enhancing both sensory appeal and overall product quality.
Gavan's Fatrix is uniquely designed to serve as a direct replacement for butter in a variety of bakery goods and dairy alternatives. This innovative fat solution comprises just three simple ingredients: protein isolate, vegetable oil, and water, which are expertly combined to form a high-performance gel. Gavan’s patented technology ensures the protein acts as an ideal binder, resulting in a smooth and stable emulsion that is free from trans fats. Notably, this product doesn’t require extensive regulatory approval, streamlining its path to market.
According to Itai Cohen, co-founder and CEO of Gavan, this funding opens critical opportunities for the start-up to penetrate the European food market effectively.
"Our fully EU-certified facility is set to go commercial as early as April next year," Cohen remarked confidently. With a neutral flavor and versatile functionality, Fatrix caters to various textural needs while maintaining its water- and fat-holding capacities even under extreme processing conditions. This makes it invaluable for creating rich, buttery textures in products such as brioche and croissants, along with enhancing dairy alternatives like whipping cream and cream cheese.
Gavan’s zero-waste platform integrates easily with diverse plant-based oils and legumes, enabling customized solutions tailored to specific customer preferences. As noted by Rony Patishi-Chillim, Venture Partner at MoreVC, Fatrix meets a critical demand in the food industry for a plant-based fat that not only maintains indulgent flavor but also supports sustainable production practices.
Early investors in alternative proteins, including James Caffyn from Lever VC, have highlighted Gavan's unique position to cultivate partnerships with larger corporations, ensuring efficient scaling and competitive economics for Fatrix. Such capabilities place Gavan on the verge of transforming the $253 billion fats and oils market with healthier, cleaner-label food options.
Founded in 2018, Gavan Technologies is fixated on creating functional ingredients tailored for modern food needs, significantly enhancing both nutritional and sensory quality. Previously, the company raised $2.5 million in seed funding, laying a solid groundwork for its ambitious future in plant-based food innovations. With its focus on sustainability and innovative ingredient development, Gavan is poised to make substantial impacts in the evolving landscape of the food industry.
The newly raised capital will facilitate the establishment of a pilot production facility in Europe, set to commence operations in April 2025. This facility will feature a cutting-edge production line to manufacture Fatrix, enabling Gavan to rapidly expand its commercial footprint across Europe. Fatrix stands out as a plant protein-based fat that offers an exceptional solution for food manufacturers aiming to achieve improved nutritional scores by lowering overall fat, particularly saturated fat levels. It provides a clean label alternative to traditional animal fats, enhancing both sensory appeal and overall product quality.
Gavan's Fatrix is uniquely designed to serve as a direct replacement for butter in a variety of bakery goods and dairy alternatives. This innovative fat solution comprises just three simple ingredients: protein isolate, vegetable oil, and water, which are expertly combined to form a high-performance gel. Gavan’s patented technology ensures the protein acts as an ideal binder, resulting in a smooth and stable emulsion that is free from trans fats. Notably, this product doesn’t require extensive regulatory approval, streamlining its path to market.
According to Itai Cohen, co-founder and CEO of Gavan, this funding opens critical opportunities for the start-up to penetrate the European food market effectively.
"Our fully EU-certified facility is set to go commercial as early as April next year," Cohen remarked confidently. With a neutral flavor and versatile functionality, Fatrix caters to various textural needs while maintaining its water- and fat-holding capacities even under extreme processing conditions. This makes it invaluable for creating rich, buttery textures in products such as brioche and croissants, along with enhancing dairy alternatives like whipping cream and cream cheese.
Gavan’s zero-waste platform integrates easily with diverse plant-based oils and legumes, enabling customized solutions tailored to specific customer preferences. As noted by Rony Patishi-Chillim, Venture Partner at MoreVC, Fatrix meets a critical demand in the food industry for a plant-based fat that not only maintains indulgent flavor but also supports sustainable production practices.
Early investors in alternative proteins, including James Caffyn from Lever VC, have highlighted Gavan's unique position to cultivate partnerships with larger corporations, ensuring efficient scaling and competitive economics for Fatrix. Such capabilities place Gavan on the verge of transforming the $253 billion fats and oils market with healthier, cleaner-label food options.
Founded in 2018, Gavan Technologies is fixated on creating functional ingredients tailored for modern food needs, significantly enhancing both nutritional and sensory quality. Previously, the company raised $2.5 million in seed funding, laying a solid groundwork for its ambitious future in plant-based food innovations. With its focus on sustainability and innovative ingredient development, Gavan is poised to make substantial impacts in the evolving landscape of the food industry.
Topics Consumer Products & Retail）
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