Sector
Agriculture & Food TechnologiesFood TechFood Trade & ServicesFood Processing
Target Customer
Agriculture & FoodProcessed FoodsBeverages
Core Technology
ComponentsMaterials & SubstancesRaw Materials
Tags (3)
food-and-beverageindustrial-technologiesfoodtech
Verstill Financials
Undisclosed
Capital raised
Cumulative Funding Raised Over Time ($)
$300KSep 2018
$3.5MSep 2021
Private Equity Funding
Teramips Technologies, Alex Haruni, IL Ventures
IL Ventures (Lead)
,
Teramips Technologies, Alex Haruni, Undisclosed Investor(s)
Verstill Lifecycle
Cumulative Funding Raised Over Time
$300KSep 2018
$3.5MSep 2021
All Events
Teramips Technologies, Alex Haruni, IL Ventures
IL Ventures (Lead)
,
Teramips Technologies, Alex Haruni, Undisclosed Investor(s)
Verstill News
4 articles
https://www.jpost.com/business-and-innovation/article-689375
Verstill, a foodtech company from the north of Israel, has developed innovative technology for producing alcoholic beverages in a fraction of the time compared to traditional methods. The company has collaborated with Malka craft brewery to launch a new spirit called Distilled Malka, which was a success in the market. Verstill aims to reinvent the craft spirits industry by offering premium quality products at a lower cost and faster development time. They have raised over $3.2M in funding and are expanding their production centers in the US. The founders envision a future of collaborating with other brands and creating innovative products.
Partners
Israeli startup sets out to revolutionize global alcohol and spirits industry
Verstill, an Israeli startup that develops technology for producing premium spirits quickly and cost-effectively, has announced a new collaboration with the Israel-based Malka craft brewery. The company aims to reinvent the craft spirits industry by enabling brands to produce premium spirits at a fraction of the time and investment required by traditional methods. Verstill has received funding of over $3.2 million and has developed innovative production technologies. The collaboration with Malka Brewery involves scaling the production of their beer-based spirit. Verstills technology allows brands to expand quickly and increase profits with a low to modest investment. The global spirit industry has been experiencing steady sales growth, and there is a growing demand for local and craft brands.
PartnersInvestment
Israeli startup promises quality whiskey in weeks
Israeli startup Verstill claims to be able to produce high-quality whiskey in weeks using modern technology. The companys proprietary molecular distillery technology accelerates the aging process and allows for easy modification of flavor. Verstill has won the top prize at the Fresh Start Foodtech Incubator Challenge and has raised $800,000 in funding. The company plans to open its own distillery in the northern Galilee and collaborate with other partners in the future.
InvestmentExpand
http://www.jpost.com/Business-and-Innovation/Tech/Tech-Talk-Israeli-startups-take-off-460273
The article discusses the 8200 EISP (Entrepreneurship and Innovation Support Program), the first and only Israeli accelerator that promotes early-stage, first-time entrepreneurs. The program selects 20 entrepreneurs each year to participate in a five-month program. The graduates present their startup proposals to investors and the media during Demo Day. The program has produced successful startups, with 75% of them raising a total of $350 million in funding. The article also mentions some startups founded by 8200 EISP graduates, such as Synereo, Jammable, Verstill, Museloop, and GiftWizard. Additionally, the article mentions TrenDemon, a content marketing analytics and automation company that announced a strategic cooperation with IBM. Lastly, the article discusses the acquisition of Sling, an Israeli startup empowering micro-merchants, by Brazilian Avante.
InvestmentExpand
Verstill Team
Matan Edvy
Co-founder & CEO
Founder
Yechiel (Jonathan) Ben Zvi
Co-founder & CTO
Founder
Ehud (Udi) Tirosh
VP Business Development
Employee Info
| Employees (range) | 11-50 |
| Exact count | 18 |
| Team members | 4 |
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