# Alchemy Foodtech Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alchemy-foodtech-pte

- Industry: Food
- Headquarters: Singapore, Singapore
- Website: www.alchemyfoodtech.com
- Total disclosed funding: $2M
- Latest round: Seed (Mar 8, 2021)
- Investors on record: 3

## About

Alchemy Foodtech Pte. Ltd. is a Singapore-based company focused on developing functional ingredients that reduce sugar and carbohydrate content in food products while preserving flavor.Founded in 2015 in Singapore, Alchemy Foodtech Pte. Ltd. specializes in creating innovative food ingredients. The company raised USD 6.164 mn in a Series A round on December 29, 2023, led by Ting Li Development, bringing the total funding raised to USD 6.164 mn.Alchemy Foodtech™ specializes in the development of functional ingredients aimed at reducing sugar and carbohydrate content in food products without sacrificing taste. The company’s portfolio includes versatile blends such as Alchemy Fibre, enhancing the nutritional profile of various food categories including beverages, breads, confectionery, noodles, and dairy products like ice cream and yogurt. These products cater to a growing demand for healthier options in the food service and retail sectors, targeting food manufacturers globally. Alchemy Foodtech serves a diverse client base, including well-known brands and food companies in markets across Asia, Europe, and North America, addressing the needs of health-conscious consumers seeking nutritious yet flavorful food solutions.In 2023, Alchemy Foodtech generated revenue of USD 317,068.2, with an EBITDA of USD -1,545,544.7. Revenue is primarily driven through B2B partnerships with food manufacturers and brands utilizing the company's innovative ingredient solutions in their products. The company offers a range of solutions tailored to specific applications, such as sugar reduction in baked goods or improved fiber content in beverages, ensuring flexibility to accommodate various client needs.In November 2023, Alchemy Foodtech Pte. Ltd. raised SGD 8 million in venture funding from new investor Ting Li Development. The company will use the funding to develop more sugar-reduction applications across the instant food and beverage sector. Alchemy Foodtech plans to expand its market presence by targeting new geographic regions to enhance its service capabilities and product offerings.

## Funding rounds

- Seed, Mar 8, 2021, $2M — Octave Capital, SEEDS Capital, NUS Technology

## Investors

- Octave Capital (https://capitalatlas.ai/funds/octave-capital) — Seed
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed
- NUS Technology — Seed