Gavan News
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Gavan Raises USD8M in Series A Funding
Gavan, a foodtech startup based in Acre, Israel, has successfully raised USD 8 million in Series A funding. The investment round was led by MoreVC, with contributions from Lever VC, EIT Food, and DarkBoot Group. The funds will be utilized to establish a new pilot production facility in Cyprus, set to begin operations in April 2025, and to expand Gavans commercial presence in Europe, particularly in the bakery and dairy sectors. Gavan specializes in developing functional ingredients for the food industry, focusing on sustainable, plant-based protein extraction technology. Their flagship product, Fatrix®, is designed as an alternative fat solution for the bakery, meat, and dairy markets.
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Foodtech startup Gavan raises $8 million Series A to commercialize plant-based fat | CTech
Gavan Technologies, a FoodTech startup, has successfully raised $8 million in a Series A funding round. The round was led by MoreVC, with participation from Lever VC, EIT Food, and DarkBoot Group. The funds will be used to establish a new pilot production facility in Europe and expand Gavans commercial presence, particularly in the bakery and dairy sectors. The facility, set to begin operations in April 2025, will produce Gavans alternative fat solution, Fatrix, which is designed to improve the nutritional profile of food products by reducing saturated fat content. This investment marks a significant step for Gavan as it aims to enter the European market and enhance its impact in the food industry.
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