Company Overview
Snapshot
Founded in January 2018 by Barak Melamed and Shlomi Goren, RiLBiTE operates with 1–10 employees. The company has raised $11.17 million across 6 funding rounds. In January 2023, RiLBiTE secured an extension to its Seed round from BioMeat Foodtech.
Business overview
RiLBiTE develops plant-based meat analogs by utilizing a proprietary culinary technology that mixes and binds fresh plant ingredients to create products with various shapes, textures, and tastes. The company's core product, Minced Plants, is a blend of five fresh ingredients designed to be equivalent to minced meat. RiLBiTE serves the food industry, focusing on markets for plant-based meat, egg, ice cream, chicken, and fish alternatives, with a fully developed manufacturing line for its Minced Plants product.
Strategic signal
In December 2021, RiLBiTE entered a distribution agreement with ח.י מעדני גורמה to market its plant-based meat substitute products in Israel, with distribution commencing in the first half of 2022. This partnership signals a strategic move to expand market reach and solidify the company's presence in the Israeli food industry, demonstrating commercial validation and potential for increased product adoption.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent funding event for RiLBiTE?
- In January 2023, RiLBiTE secured an extension to its Seed round from BioMeat Foodtech.
- What strategic partnership did RiLBiTE establish in late 2021?
- In December 2021, RiLBiTE signed a distribution agreement with ח.י מעדני גורמה for the distribution and marketing of its plant-based meat substitute products in Israel, with distribution starting in the first half of 2022.
- What was RiLBiTE's market strategy in early 2019?
- In February 2019, RiLBiTE focused on foodservice opportunities, targeting restaurants and school districts in Israel with its plant-based minced meat products, with plans for mass production and expansion to the European market.
- Which organizations supported RiLBiTE's Pre-Seed round in December 2018?
- In December 2018, RiLBiTE secured Pre-Seed funding from The Kitchen FoodTech Hub and Israel Innovation Authority.