Panda Chocolate Overview
Panda Chocolate has developed a formula to create dairy-free chocolate that tastes like milk chocolate. The chocolate formula is based on a combination of soy and coconut.
Cumulative Funding Raised Over Time ($)
$57KDec 2015
$142KFeb 2017
$3.1MFeb 2023
$9.6MJan 2021
$9.7MJul 2018
Latest News
growth-positive
How date night turned into a $3m vegan chocolate company - ISRAEL21c
Panda Chocolate, now known as 7th Heaven, is a company that produces and sells dairy-free milk chocolates. The founders, Daniel Bareket and Elya Adi, developed the chocolates after experimenting with different ingredients and methods. They successfully raised funds through a crowdfunding campaign and opened their first factory in Jerusalem. The chocolates received a positive response in the local market, leading the couple to explore the US market. They discovered a lack of dairy-free milk chocolate options in the US and decided to launch an online store under the name 7th Heaven. The brand attracted positive feedback and caught the attention of investor David Schottenstein, who invested $3 million in the company. The investment will help expand the distribution of 7th Heaven chocolates in the US market and support the development of new vegan chocolate products. The company also prioritizes fair trade and sustainability in its operations.
CustomersInvestment
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $3.06M |
| Last funding | $3M |
| Stage | A |
| Rounds | 5 |
| Investors | 4 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | chocolatepanda.co.il |
Locations
Kiryat Tiv'on, Israel
Photos & Videos
2 item(s)
Panda Chocolate Business
Business models
B2C
Product stage
Released
Employees
1-10
Sector
Agriculture & Food TechnologiesFood TechNovel Food & IngredientsTarget Customer
Food Retail & ConsumptionHomeWholesaleAgriculture & FoodLivestockDairyProcessed FoodsSnacksCore Technology
BiologicalsTags (4)
food-ingredientsfoodtechnovel-ingredientsvegansGeographic Markets
IsraelUnited StatesPanda Chocolate Financials
$3.06M
Total funding
Undisclosed
Capital raised
$3M
Last funding
A
Funding stage
5
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$57KDec 2015
$142KFeb 2017
$3.1MFeb 2023
$9.6MJan 2021
$9.7MJul 2018
Private Equity Funding
Undisclosed Round
Feb 2023
$3M
David Schottenstein (Lead), Peter Hess (Lead)
Crowdfunding
Jan 2021
$6.5M
Headstart
A Round
Jul 2018
$65K
Undisclosed Investor(s)
Crowdfunding
Feb 2017
$85K
Headstart (Lead)
Crowdfunding
Dec 2015
$57K
Headstart (Lead)
Panda Chocolate Lifecycle
Cumulative Funding Raised Over Time
$57KDec 2015
$142KFeb 2017
$3.1MFeb 2023
$9.6MJan 2021
$9.7MJul 2018
All Events
Undisclosed Round
Feb 2023
$3M
David Schottenstein (Lead), Peter Hess (Lead)
Crowdfunding
Jan 2021
$6.5M
Headstart
A Round
Jul 2018
$65K
Undisclosed Investor(s)
Crowdfunding
Feb 2017
$85K
Headstart (Lead)
Crowdfunding
Dec 2015
$57K
Headstart (Lead)
Panda Chocolate News
1 article
growth-positive
How date night turned into a $3m vegan chocolate company - ISRAEL21c
Panda Chocolate, now known as 7th Heaven, is a company that produces and sells dairy-free milk chocolates. The founders, Daniel Bareket and Elya Adi, developed the chocolates after experimenting with different ingredients and methods. They successfully raised funds through a crowdfunding campaign and opened their first factory in Jerusalem. The chocolates received a positive response in the local market, leading the couple to explore the US market. They discovered a lack of dairy-free milk chocolate options in the US and decided to launch an online store under the name 7th Heaven. The brand attracted positive feedback and caught the attention of investor David Schottenstein, who invested $3 million in the company. The investment will help expand the distribution of 7th Heaven chocolates in the US market and support the development of new vegan chocolate products. The company also prioritizes fair trade and sustainability in its operations.
CustomersInvestment
Panda Chocolate Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 9 |
| Team members | 2 |
Similar Companies
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Panda Chocolate Internal
Recent Updates
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Admin Info
| Confidence | 82/100 |
| Missing | description, markets, not claimed |
| BI Verification | Ortal Wein |
| Registrar ID | 515494714 |
| Crunchbase | panda-chocolate |
| Creator | Fredrik Liljedahl |
| Creator email | fredrik.liljedahl@sncentral.org |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-04-27T00:00:00.000Z |
| Created | 2017-09-28T00:00:00.000Z |