Enzymotec secures new funding

- Last updated on GMT

Related tags: Finance

Israeli phospholipids specialist, Enzymotec, has raised $11 million (€8.54m) from its three major shareholders as well as a new investor – Arancia International, a privately owned Mexican ingredients developer with expertise in biotechnology and enzymes.

"We are excited to join Enzymotec and be a part of the development and production of lipid-based innovative health solutions,"​ said Arancia executive president, Luis Aranguren.

Enzymotec is in the process of finalising a further $7m (€5.44m) from a major Israeli bank.

“The successful completion of the financial round validates the strength and potential of Enzymotec, particularly given current economic conditions,"​ said Enzymotec president and CEO, Dr Ariel Katz.

He said the funding would allow completion of a new facility in Israel and back ongoing research and development.

Enzymotec’s existing shareholders are Galam Ltd, Ofer Hi-Tech Investments Ltd and Millennium II Materials Technology Fund L.P.

Related topics: Suppliers, Omega-3s & Nutritional oils

Related news

Show more

Related products

show more

Omegavie® DHA algae Capsules

Omegavie® DHA algae Capsules

POLARIS | 23-Aug-2018 | Application Note

Omegavie® DHA algae capsules is a real opportunity to consume high-performing Omega-3 DHA 100% vegan, natural, sustainable, GMO- and allergen-free. Designed...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars