# Gavan Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gavan-technologies

- Industry: Food
- Headquarters: Israel
- Website: www.gavan.bio
- Total disclosed funding: $8M
- Latest round: Series A (Dec 10, 2024)
- Investors on record: 4

## About

Based in Acre, Israel, and founded in 2018 by Itai Cohen (CEO), Allen Hazan (Head of Innovation), and Udi (Buri) Jeremias (Head of Culinary), Gavan Technologies develops plant protein-based fat solution Fatrix to help food manufacturers reach a superior nutriscore for their product by reducing total fat and especially saturated fat content. In December 2024, Gavan Technologies raised USD 8 million in Series A funding led by MoreVC, with participation from Lever VC, Darkboot Ltd., and EIT Food.

Gavan Technologies specializes in the development of plant-based protein ingredients, primarily through its flagship product, Fatrix. This ingredient aims to replace animal fat in various food applications while preserving the sensory experience of traditional products. The technology focuses on achieving 100% utilization of plant proteins, offering a neutral flavor profile that allows for diverse applications across numerous food products. Gavan's clientele includes food manufacturers and other businesses seeking to enhance their offerings with sustainable protein alternatives.

Gavan Technologies generates revenue through B2B transactions, primarily providing its protein-based ingredients to food manufacturers and processors.

The company plans to use its proceeds from December 2024 funding to establish a pilot production facility in Europe.

## Funding rounds

- Series A, Dec 10, 2024, $8M — MoreVC, Lever VC, EIT Food iVZW, DB Group

## Investors

- MoreVC (https://capitalatlas.ai/funds/morevc) — Series A
- Lever VC (https://capitalatlas.ai/funds/lever-vc) — Series A
- EIT Food iVZW — Series A
- DB Group (https://capitalatlas.ai/funds/db-group) — Series A