Unavoo Food Technologies

Company Overview

Snapshot

Founded in January 2009 by Yuval Maimon, Unavoo Food Technologies operated with 1–10 employees. The company raised a total of $4M across two funding rounds from two investors. In November 2016, Unavoo Food Technologies secured a funding round from ED&F Man and Sugat.

Business overview

Unavoo Food Technologies developed HEYLO, a natural, sugar-free sweetener with a glycemic value of zero, no artificial ingredients, and minimal calories. This product aims to provide a sugar-like taste without an aftertaste and has been integrated into various food products, including ketchup, peanut butter, dairy items, and flavored water. The company operates within the Agriculture & Food Technologies sector, specifically focusing on Novel Food & Ingredients, targeting the processed foods, beverages, preserves, and snack markets.

Strategic signal

In June 2022, news emerged regarding legal disputes between the founder of Unavoo Food Technologies and its investors concerning the termination of his employment. This development signals significant internal challenges and potential governance issues, which could impact investor confidence and the company's operational stability, ultimately leading to its cessation of operations in April 2023.

Company Intelligence Q&A

What is Unavoo Food Technologies' primary product?

Unavoo Food Technologies developed HEYLO, a natural, sugar-free sweetener with a glycemic value of zero, no artificial ingredients, and minimal calories, designed to offer a sugar-like taste without an aftertaste.

When was Unavoo Food Technologies founded?

Unavoo Food Technologies was founded in January 2009 by Yuval Maimon.

What was a significant funding event for Unavoo Food Technologies?

In November 2016, Unavoo Food Technologies secured a funding round from ED&F Man.

What is the current status of Unavoo Food Technologies?

Unavoo Food Technologies is non-active and ceased operations in April 2023.

What was a notable legal development for Unavoo Food Technologies?

In June 2022, there were reports of a legal dispute between the founder of Unavoo Food Technologies and its investors regarding the termination of his employment.