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Gavan Technologies raised $8M in a Series A funding round led by MoreVC to commercialize its plant-protein-based animal fat alternative in Europe.

PRIVATEDec 10, 2024

Amount Raised

$8 Million

Round Type

Series A

AcreBiotechnologyFood and BeverageFood Processing

Investors

Lever VCEIT FoodDarkBoot GroupMorevc

Description

Gavan Technologies has closed an $8M Series A funding round to support the commercialization of its innovative vegan fat solution, Fatrix. The financing was led by MoreVC, with participation from other investors to expand into the European market and set up a production facility in Cyprus.

Who else raised in Food and Beverage and Food Processing around the same time

Companies in the same sectors as Gavan Technologies that raised within 45 days of this round, from Fundz verified event records.

  • Plantible Foods Inc. raised $30M (Series B) on November 15, 2024.
  • Happy Plant Protein raised $1.9M (Pre-Seed) on November 14, 2024.
  • Project Eaden raised $16M (Series A) on January 22, 2025.
  • Botanic Healthcare raised $30M (Pre-Seed) on January 3, 2025.
  • Arborea raised $5.2M (Funding Round) on December 23, 2024.
  • One Trick Pony raised an undisclosed amount (Seed) on December 17, 2024.

Who to call at Gavan Technologies, and when

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Company Information

Company

Gavan Technologies

Location

Acre, HaZafon, Israel

About

Gavan Technologies is a startup founded in 2018 that focuses on developing functional ingredients for the food industry through innovative plant protein extraction technology. Their flagship product, Fatrix, is a 'butter-like' vegan fat alternative made primarily from pea protein isolate. Gavan utilizes a proprietary zero-waste process to enhance sustainability and efficiency in its production. The company aims to disrupt traditional fat replacements by offering healthier options without compromising on taste and texture.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Gavan Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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