Millennium Food-Tech Overview
Millennium Food-Tech is an R&D partnership traded on the Tel Aviv Stock Exchange which specializes in investment in and betterment of companies in food-tech sectors. Millennium seeks to invest in companies which specialize in identifying and developing innovative, and transformative ideas in the food, drinks and nutrition industry. Millennium has an experienced management, proven solutions and a supportive network to develop ideas and start-ups to maturity to exit.
Latest News
growth-negative
מנכ"ל מילניום פוד־טק חושב ששווייה כפול מזה שבו היא נסחרת כלכליסט
The CEO of Millennium Food-Tech believes that the value of the companys partnership is between 120 to 160 million shekels, while it is currently valued at only 75 million shekels on the stock exchange. The company has seen a significant decrease in the value of its holdings in Subor, which has also lost 65% of its value since the beginning of the year. Millennium Food-Tech has raised a total of 94.5 million shekels through various rounds of funding. The companys investments include companies in the food-tech sector such as Phytolon, Tipa, TripleW, Aleph Farms, and Eggnup.
Investment
growth-positive
Millennium Food-Tech signs strategic agreement with Strauss Group
The Millennium Food-Tech R&D Partnership has signed a strategic cooperation agreement with The Kitchen, an incubator owned by the Strauss Group. The partnership will make investments in portfolio companies through a special purpose corporation. The Kitchen, founded in 2014, has invested in 19 companies and has raised a total of $72 million. Millennium Food-Tech focuses on tailormade food, alternative proteins, food waste reduction, smart packaging, AI, and new food ingredients. The partnerships portfolio includes SavorEat, which is traded on the TASE.
Partners
growth-positive
Millennium Food-Tech investments prove profitable
Millennium Food-Tech R&D Partnership has reported profits of NIS 28 million and raised NIS 94 million to date. The companys first annual financial report shows an overall fair value of NIS 58.5 million for its investments. Cash reserves of NIS 58.9 million allow the company to meet its short to medium term investment target. The CEO is confident in making new investments in promising companies. The partnership has made investments in SavorEat, Phytolon, and Tipa. The investments have appreciated in value, with SavorEats fair value reaching NIS 40 million. Phytolon has successfully produced natural food coloring and carried out pilot projects. Tipa has received a $10 million investment and has collaborations with major companies. The partnership aims to reduce food waste through innovative packaging solutions.
Investment
growth-positive
Millennium Food-Tech raises another NIS 52m
Millennium Food-Tech, a food-tech company, has become the largest R&D Partnership on the Tel Aviv Stock Exchange (TASE) after raising NIS 52 million in public offerings. The company plans to invest the funds in food-tech companies. Millenniums first portfolio company, SavorEat, recently had its initial public offering and has seen significant returns. Institutional investors, including Psagot Gemel, participated in the public offering. Millennium Food-Tech focuses on personalized nutrition, protein substitutes, reducing waste, smart packaging, artificial intelligence, and new food ingredients. The food-tech sector has experienced significant growth in recent years, with billions of dollars invested in the field. Millennium Food-Tech has also invested in other companies such as Phytolon and TIPA.
Public TradingInvestment
growth-positive
Food-tech co Millennium to raise NIS 16m more
Millennium Food, an Israeli food-tech R&D partnership, is preparing for a secondary offering of NIS 16 million. This comes just three weeks after its initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE), where it raised NIS 26 million. The secondary offering will be led by financial institutions and food sector investors. Millenniums partnership units are currently traded at a price of NIS 1.53, reflecting a market cap of NIS 39 million and a rise of nearly 40% since the IPO. The offering is being conducted and led by Mor Investment House and Leumi Partners. Millennium Food-Tech is managed by CEO Chanan Schneider and chaired by Guy Rosen, vice chairman of Tnuva.
Investment
Team Members
2
Web & Social Links
| Website | millennium-ft.com/en/home-page-english/ |
Locations
Rothschild Boulevard 48, Tel Aviv-Yafo, Israel
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