$22 million for sugar-reduction startup DouxMatok
DouxMatok, a Petah Tikva, Israel-based food-tech company that is able to cut sugar levels in foods without affecting their taste, has raised $22 million in a series B funding round. The round, led by BlueRed Partners from Singapore, includes strategic investors like Südzucker AG, the largest European sugar company; Royal DSM, a global leader in science-based nutrition, health and sustainable living; and Singha Ventures, a corporate venture fund of Singha Corporation, one of Thailand’s largest food & beverage conglomerates. Additional participants in the round included existing shareholders as well as new financial investors, including btov Partners. The funding enables large-scale production and sales of the game changing sugar reduction solution to the food industry, as it commercializes in Europe and the US.
Read more about the invesment here.