FoodTech venture fund Sparkalis has taken a minority stake in Fooditive, a food technology business specialising in sustainable, plant-based ingredients for the food and beverage sector. Its current innovations include an upcycled, calorie-free natural sweetener with the taste and functionality of sugar, derived from apple and pear side streams.
Following on from the investment, Sparkalis Managing Director Filip Arnaut has joined Fooditive’s advisory board. There are now 11 foodtech experts sitting on the board, who will provide advice and insights to support the company’s objective of creating plant-based ingredients that are healthier for consumers, kinder to animals and better for the plant.
The company, based in the Netherlands, rose to prominence by harnessing its precision fermentation technology to produce innovations such as vegan casein and bee-free honey. It also recently became the first food industry signatory to the Washington Compact, a new agreement on conducting business operations in outer space.
“Our partnership with Sparkalis will give Fooditive access to many countries worldwide where we do not already have a market presence,” commented Moayad Abushokhedim. “This will enable us to take our innovations to a wider audience and in doing so bring about the changes that are needed to ensure the food supply chains of the future are truly sustainable.”
“Sparkalis has acquired a stake in Fooditive because we share the same vision for the future of the food industry. We are both committed to facilitating innovative solutions that will change the way we think about food production and create a more sustainable footprint for the industry,” added Filip Arnaut, Managing Director of Sparkalis.
The investment was announced shortly before Future Food-Tech San Francisco (running 16-17 March 2023) where Sparkalis will be present.
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