Bee-io Honey

Honey Without Bees

Agriculture & Food Technologies
Public on TASE on May, 2021<br>

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 Agriculture & Food Technologies company focused on producing honey without bees. The company's core technology involves mimicking the enzymatic activity and specific conditions of a bee's stomach to convert natural nectar into honey. Additionally, Bee-io is developing technologies to produce natural nectar, aiming to increase honey production capacity efficiently. This approach addresses the decline in bee populations and the rising demand for honey, serving the food tech and sustainable farming sectors.

Strategic signal

In January 2023, Bee-io Honey announced layoffs affecting half of its employees, a decision that followed the company's managers waiving their salary upgrades. This operational restructuring signals a period of financial re-evaluation and cost-cutting measures for the company, indicating a strategic shift towards optimizing resources amidst market challenges.

Company Intelligence Q&A

When did Bee-io Honey go public?
Bee-io Honey went public on TASE in May 2021 through a reverse merger with Whitestone Investment Fund.
What was a key operational change for Bee-io Honey in early 2023?
In January 2023, Bee-io Honey announced the layoff of half its employees, with company managers waiving salary upgrades, indicating a significant restructuring effort.
What progress has Bee-io Honey made in cultured honey production?
In February 2022, Bee-io Honey successfully completed the establishment of a pilot production system for cultured honey, capable of producing up to 3 tons per week.
Has Bee-io Honey received any regulatory assessments for its products?
In December 2022, Bee-io Honey underwent a self-assessment in accordance with FDA requirements, indicating progress toward regulatory compliance for its products.
What was a significant scientific achievement for Bee-io Honey in late 2021?
In December 2021, Bee-io Honey successfully expressed a cultured royal jelly protein, which is a key component for developing cultured honey.

External links