Though many “instant” grocery delivery startups are in the midst of layoffs, one company in Indonesia bagged a healthy Series B round this week.
As many consumers look for healthier alternatives to sugar that are still natural, Joywell Foods has tapped one that is somewhat less common. The company uses a proprietary microbial fermentation process to recreate sweet proteins found in rare tropical fruits and berries. These proteins are 2,000 to 5,500 times sweeter than sugar, so less is needed to create a similar flavor.
In “Joywell Foods raises $25M to bring sweet proteins to market,” TechCrunch reported the series B funding was led by Piva Capital, with participation from B37 Ventures, Global Brain Corporation, and existing investors Khosla Ventures, Evolv Ventures, Alumni Ventures, and SOSV. The article indicated that once Joywell Foods (SOSV IBSF03 2016) receives regulatory approval, expected this fall, the company will enter the commercialization phase of a line of beverages containing sweet proteins.
Joywell Foods, has raised an oversubscribed $25 million Series B funding round to bring sweet protein products to consumers for the first time.
Joywell has raised a $25 million Series B led by Piva Capital. The company uses microbial fermentation processes to produce sweet proteins that mimic the taste of sugar.
Joywell Foods, which deploys microbes to product nature-identical ultra-sweet proteins found in fruits and berries, has raised $25m in a funding round led by Piva Capital as it gears up to launch its first consumer products featuring the sweeteners.
US food tech company Joywell Foods has raised $25 million in a Series B funding round to bring sweet proteins to market.The round was led by venture capital firm Piva Capital, with participation from B37 Ventures and Global Brain Corporation as well as existing investors Khosla Ventures, Evolv Ventures, SOSV’s IndieBio and Alumni Ventures.
Joywell Foods, a developer of sweet proteins through the microbial fermentation of plant-derived sweet proteins, has raised US$25 million series B funding round, which includes the Kirin Health Innovation Fund among its investors.
Joywell Food, a Devis, CA-based food technology and consumer goods company, raised $25M in funding.
US: Joywell Foods closes $25m Series B Round to support commercialisation of fruit protein ingredient meant to replace sugar Joywell Foods has developed a line of drinks incorporating its sugar-alternative protein California-based food tech firm Joywell Foods has concluded a $25 million Series B round led by Piva Capital.
Plant protein-based alternative sugar products manufacturer Joywell closed its oversubscribed Series B funding round with $25M in funding. Piva Capital led the financing with participation from B37 Ventures and Global Brain Corporation. The funding round saw participation from returning investors Khosla Ventures, Evolv Ventures, SOSV, and Alumni Ventures.
Food tech startup Joywell Foods has been in this sector for nearly a decade, building up a sweet proteins platform and is nearing the commercialization of its first products, boosted by a cash infusion of $25 million in Series B funding.
Joywell Foods, a food technology and consumer goods company, has secured $25 million in Series B funding. Piva Capital led the round.
Joywell, a biotech startup that makes protein-based sugar, tells Axios it raised $25 million in Series B funding.
Joywell Foods, a food technology and consumer products startup, has closed an oversubscribed $25 million Series B funding round led by Piva Capital.Joywell Foods uses a proprietary microbial fermentation process to produce sweet proteins that mimic the taste of sugar but do not impact blood sugar levels or gut microbiomes. The sweet proteins are identical to those naturally found in exotic fruits and berries and are 2,000 to 5,500 times sweeter than sugar on a weight basis, according to the company.
Joywell Food items, a food technology business that has operated for over a decade, is rapidly approaching the commercialization of its initial items, which has been enhanced by a cash infusion of $25 million in Collection B funding.
Joywell teams up with ABPDU to scale up production of their sweet proteins. Together, the teams completed three successful piloting campaigns and optimized Joywell Foods’ process.
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Ali Wing, CEO of Joywell, participates in the 2021 FoodBytes! Pitch with a panel discussion moderated by author and journalist Larissa Zimberoff.
Joywell seeks to unlock the power of nature's sweet plant proteins.
Joywell Foods announced today it has closed a $6.9 million Series A round to further develop its plant-based sweeteners derived from the proteins of “exotic fruits.” The round was led by Evolv Ventures with participation from Khosla Ventures, SOSV, Alumni Ventures Group, and other investors. It brings Joywell’s total funding to $13.2 million.