Epogee, an Indianapolis-based producer of a portfolio of fat replacement and flavor enhancement food ingredients, raised $8.3m in funding.
The round was led by HG Ventures.
The company intends to use the funds to expand current manufacturing and accelerate technical capabilities to support customers.
Led by John Musselman, CEO, Epogee leverages patented technologies to make fat replacement and flavor enhancement food ingredients. Its products are Kosher, gluten free, allergen free, vegan, and made from natural vegetable oils free from genetically modified materials.
The company has achieved FDA Generally Recognized as Safe (GRAS) status in for use in confectionery products, frying, baked goods and baking mixes, frozen desserts and mixes, nut products (including peanut butter), grain products, pasta, granola and snack bars, sauces and gravies, and soft candy.