Gavan

Company Overview

Snapshot

Founded in November 2018 by Itai Cohen and Allen Hazan, Gavan operates with 51–200 employees. The company has secured funding across two rounds from five investors, with MoreVC leading a Series A round in December 2024. In December 2024, Gavan raised $8 million in Series A funding.

Business overview

Gavan specializes in developing alternative fat solutions for the food industry, utilizing an exclusive protein extraction platform. The company extracts proteins from plants in their natural state, which are then combined to create Fatrix, a plant-based oleogel. This innovative solution binds vegetable oil and water, offering exceptional performance in texture, taste neutrality, and cost efficiency, and is designed to serve the agriculture and food technologies sector, particularly in food processing and ingredients.

Strategic signal

Gavan's successful $8 million Series A funding round in December 2024, led by MoreVC, signals strong investor confidence in its plant-based fat solution, Fatrix. This capital infusion is a critical validation of the company's technology and market potential, suggesting an accelerated trajectory for commercialization and expansion within the sustainable proteins and food tech sectors.

Company Intelligence Q&A

What is Gavan's core product?

Gavan's core product is Fatrix, a plant-based oleogel developed using an exclusive protein extraction platform. It combines plant proteins with vegetable oil and water to create a multifunctional fat solution.

When was Gavan founded and by whom?

Gavan was founded in November 2018 by Itai Cohen and Allen Hazan.

What was Gavan's most recent funding event?

In December 2024, Gavan raised $8 million in Series A funding. This round was led by MoreVC and included participation from Lever VC.

Which industries does Gavan primarily serve?

Gavan primarily serves the agriculture and food technologies sector, focusing on food processing and ingredients with its plant-based fat solutions.

How does Gavan's Fatrix product differentiate itself?

Fatrix differentiates itself by using 20 times less protein than prevalent alternatives on the market, while offering exceptional performance in texture, taste neutrality, scale optimization, and cost efficiency.