DouxMatok, a Petah Tikva, Israel-based developer of targeted flavor delivery technologies, raised $8.1M in funding.
The round was led by Pitango, with participation from existing shareholders Gil Horsky and FoodLab Capital.
The company intends to use the funds to commercialize its patented sugar reduction solution by the end of 2018.
Led by Eran Baniel, CEO and Co-founder, DouxMatok is developing targeted flavor delivery technologies (the brainchild of the inventor Prof. Avraham Baniel) while improving the nutritional profile of food and beverage products. Its patented sugar reduction solution targets the taste buds with a delivered concentrated dose of flavor that enables sugar reduction and lower caloric value without compromising on taste.
The company is supported by the Israeli Innovation Authority, has won the Horizon 2020 phase 1, and is a member of the EIT Rising Food Stars.