# Bonumose

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bonumose

- Industry: Food
- Headquarters: Charlottesville, US
- Website: www.bonumose.com
- Total disclosed funding: $5.3M
- Latest round: Series C (Jul 7, 2023)
- Investors on record: 11

## About

Established in 2016 and based in Virginia, US, Bonumose, Inc. operates as a manufacturer of food sugar-based ingredients such as tagatose and allulose. Ed Rogers (CEO) and Daniel Wichelecki (CSO) are the co-founders of the company. In July 2023, Bonumose, Inc. raised USD 2 million in venture funding from Symrise AG, including from American Sugar Refining Group, Argonautic Ventures, Cure8 Ventures, iSelect Fund Management, The Hershey Company, Lagomaj Capital, and the Charlottesville Angel Network.

The company focuses on producing tagatose, a naturally occurring sugar, from globally plentiful plant material, enabling the manufacture of new affordable and healthy ingredients such as allulose, allose, and D-mannose through enzymatic technology. Tagatose is unique in that it is good for health, has a low glycemic index, is safe for teeth, and contributes to intestinal health as a prebiotic. The firm's enzyme-driven method begins with low-cost plant-based basic ingredients and delivers yields, allowing them to produce goods that are both economically and environmentally sustainable. Bonumose operates under the acronym COVER, with the objective of serving customers, creating profit for owners, enabling opportunities for the value chain, supporting employee livelihoods, and improving public health and wealth.

The organization plans to use the July 2023 funding to expand its market reach and product development through strategic partnerships and continuous research and development efforts.

## Funding rounds

- Series C, Jul 7, 2023, $2M — Symrise AG, iSelect Fund Management, The Hershey Company, American Sugar Refining Group, Charlottesville Angel Network, Argonautic Ventures, Cure8 Ventures, Lagomaj Capital
- Series B, Feb 3, 2021 — iSelect Fund Management, The Hershey Company, American Sugar Refining Group, Argonautic Ventures, Bangchak Corporation PCL, Cure8 Ventures, NextGen Nutrition Investment Partners, Applied Food Sciences, Inc.
- Series A, Dec 15, 2017, $3.3M — iSelect Fund Management, Argonautic Ventures

## Investors

- iSelect Fund Management (https://capitalatlas.ai/funds/iselect-fund-management) — Series A, Series B, Series C
- Argonautic Ventures (https://capitalatlas.ai/funds/argonautic-ventures) — Series A, Series B, Series C
- The Hershey Company — Series B, Series C
- American Sugar Refining Group — Series B, Series C
- Bangchak Corporation PCL — Series B
- Cure8 Ventures (https://capitalatlas.ai/funds/cure8-ventures) — Series B, Series C
- NextGen Nutrition Investment Partners (https://capitalatlas.ai/funds/nextgen-nutrition-investment-partners) — Series B
- Applied Food Sciences, Inc. — Series B
- Symrise AG — Series C
- Charlottesville Angel Network — Series C
- Lagomaj Capital (https://capitalatlas.ai/funds/lagomaj-capital) — Series C