Bee-io Honey

Company Overview

Snapshot

Founded in September 2018 by Arik Kaufman, Yaron Kaiser, and Lena Birger, Bee-io Honey operates with 11–50 employees. The company has raised $5.8M across two funding rounds from two investors. A significant milestone for the company was its public listing on TASE in May 2021.

Business overview

Bee-io Honey is an Israeli food technology company focused on producing honey without the need for bees. The company's core technology involves mimicking the natural enzymatic processes of a bee's stomach to transform nectar into honey, aiming to develop cultured honey. Additionally, Bee-io is working on technologies to produce natural nectar to scale honey production efficiently. This approach addresses environmental concerns related to declining bee populations and serves the global demand for honey, operating within the Agriculture & Food Technologies sector.

Strategic signal

In June 2022, Bee-io Honey announced its entry into the cultivated milk production sector, signaling a strategic diversification beyond its core honey alternative product. This move indicates the company's ambition to leverage its biotechnology expertise to address broader challenges in sustainable food production, potentially opening new market opportunities and investor interest in its expanded R&D capabilities.

Company Intelligence Q&A

When did Bee-io Honey go public?

Bee-io Honey became public on TASE in May 2021 through a reverse merger with Whitestone Investment Fund.

What is Bee-io Honey's approach to honey production?

Bee-io Honey produces honey without bees by combining natural nectar flowers with unique biological processes that mimic the enzymatic activity and conditions of a bee's stomach. The company also develops technologies to produce natural nectar to increase production capacity.

Has Bee-io Honey diversified its product development?

Yes, in June 2022, Bee-io Honey announced its entry into the cultivated milk production sector, expanding its focus beyond honey alternatives.

What was a key operational development for Bee-io Honey in early 2022?

In February 2022, Bee-io Honey successfully completed the setup of a pilot production system for cultured honey, capable of producing up to 3 tons per week.

What was the company's response to market conditions in January 2023?

In January 2023, Bee-io Honey's management waived salary upgrades following an announcement of layoffs affecting half of its employees, as reported by Calcalist.