Polaris, a Quimper, and Paris, France-based foodtech company, raised €5M in funding.
The round was led by Seventure Partners, via its Health for Life Capital™ fund.
The company intends to use the funds to:
- continue its international expansion,
- strengthen its position in nutraceutical industry and specialized nutrition (children, sports, pregnancy), and
- expand its sustainable production unit in Brittany, France.
Led by CEO Dominique Taret, Polaris is a leader in the Foodtech sector producing high-quality Omega3 oils, rich in EPA and DHA, from fish historically, and microalgae since 2017, with a content of up to 800 mg / g. All products are manufactured in a production unit in France.
The company’s strategic objective is to develop sustainable, eco-responsible Omega-3 solutions with a full range of oils and powders from plant sources: 100% vegan, highly purified, GMO-free and allergen-free, with the aim of offering high-end Omega-3 products with increased stability.
The team of 50 employees, is now supported by a board with highly complementary profiles: Isabelle de Cremoux Seventure Partners – Jean-Pierre Rivery, industrial expert in the food industry, Board of Directors – Jean-Gérard Galvez, Franco-American entrepreneur recognized in the biotechnology and pharmaceutical sectors – Dominique Taret, Chief Executive Officer of Polaris of Polaris.
Polaris already operates in Japan, South Korea and recently the United States.
FinSMEs
30/03/2022