Else Nutrition

Company Overview

Snapshot

Founded in February 2012 by Hamutal (Cohen) Yitzhak and Uriel Kesler, Else Nutrition is a public company with 11–50 employees. The company has raised $62.18M across 11 funding rounds from 2 investors. In June 2024, Else Nutrition announced a US$2 million offering of units priced at the market.

Business overview

Else Nutrition develops plant-based food and nutrition products for infants, toddlers, children, and adults. Its core product is a non-soy formula that serves as an alternative to dairy-based formulas, utilizing ingredients such as almonds, buckwheat, and tapioca. The company operates within the Agriculture & Food Technologies sector, specifically focusing on Food Tech and Novel Food & Ingredients, and serves consumers, particularly babies and children, as well as the broader agriculture and food industry.

Strategic signal

In September 2023, Else Nutrition added a new production facility and commenced commercial production, signaling a significant expansion of its manufacturing capabilities. This move indicates the company's commitment to scaling its operations and meeting growing demand for its plant-based nutrition products, which is crucial for its market penetration and investor confidence in its growth trajectory.

Company Intelligence Q&A

What was a key financial event for Else Nutrition in June 2024?

In June 2024, Else Nutrition announced a US$2 million offering of units priced at the market.

What significant operational milestone did Else Nutrition achieve in September 2023?

In September 2023, Else Nutrition added a new production facility and started commercial production, enhancing its manufacturing capacity.

What was a notable product launch for Else Nutrition in Canada in September 2023?

In September 2023, Else Nutrition launched Canada’s first whole plant-based ready-to-drink kids shakes, aiming to revolutionize the Canadian kids nutrition market.

When did Else Nutrition expand into the United Kingdom market?

In November 2023, Else Nutrition announced its market launch in the United Kingdom, marking its first entry into the European market.

What was a key strategic partnership for Else Nutrition in September 2020?

In September 2020, Else Nutrition and KeHE Distributors signed a distribution agreement to bring the company's plant-based toddler nutrition product to US retailers.