RiLBiTE

Plant-based Meat Substitutes

Agriculture & Food Technologies
Private

Company Overview

Snapshot

Founded in January 2018 by Barak Melamed and Shlomi Goren, RiLBiTE operates with 1–10 employees. The company has raised $11.17M across 6 funding rounds from 6 investors. In January 2023, RiLBiTE secured an extension to its Seed round from BioMeat Foodtech.

Business overview

RiLBiTE is an Agriculture & Food Technologies company specializing in plant-based meat substitutes. The company develops culinary technology that mixes and binds fresh plant ingredients to create analogs for various meat, egg, ice cream, chicken, or fish products. Its core product, Minced Plants, is a blend of five fresh ingredients designed as a minced meat equivalent, supported by a full-scale automated production line. RiLBiTE serves the food service and retail markets, operating within the Novel Food & Ingredients and Sustainable Proteins sectors.

Strategic signal

In November 2022, RiLBiTE was highlighted for creating a private label brand for Monoprix, a significant move for market penetration and brand validation. This signals a strategic focus on expanding its reach through established retail channels, indicating growing commercial acceptance and potential for broader consumer adoption of its plant-based products.

Company Intelligence Q&A

When was RiLBiTE founded and by whom?
RiLBiTE was founded in January 2018 by Barak Melamed and Shlomi Goren.
What was a key strategic development for RiLBiTE in November 2022?
In November 2022, RiLBiTE was noted for creating a private label brand for Monoprix, indicating a strategic partnership for market expansion.
Which investor participated in RiLBiTE's January 2023 funding round?
In January 2023, BioMeat Foodtech participated in an extension to RiLBiTE's Seed funding round.
What was the nature of the agreement RiLBiTE penned in June 2021?
In June 2021, RiLBiTE penned a new deal with Bio-Meat Foodtech at Israel's FoodTech Vanguard, as reported by vegconomist.com.
What was RiLBiTE's approach to market entry in February 2019?
In February 2019, RiLBiTE indicated a strategy to achieve market entry through food service, aiming for a smoother path to market for its plant-based minced meat products.

External links