# Re-Milk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/re-milk

- Industry: Food
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.remilk.com
- Total disclosed funding: $131M
- Latest round: Series B (Jan 1, 2022)
- Investors on record: 15

## About

Re-Milk Ltd. is an innovative company that specializes in producing dairy products through microbial fermentation, offering sustainable and cruelty-free alternatives to traditional dairy.Re-Milk Ltd. was founded in 2019 and is headquartered in Tel Aviv-Yafo, Israel. The company focuses on generating milk proteins that replicate traditional dairy without using animal cells. Aviv Wolff, one of the co-founders and the current CEO, has a background in fostering food technology innovations. The company has completed two funding deals, with the most recent being a Series B funding round in January 2022, where it raised USD 120.00 mn, led by Hanaco Venture Capital. This successful funding round brought the total amount raised by Re-Milk to USD 120.00 mn, with a current company valuation of USD 325.00 mn. The investors in the latest round included notable names like CPT Capital, Champel Capital, and Tnuva Food Industries, among others.Re-Milk specializes in producing real dairy products derived from microbial fermentation, creating milk proteins that replicate traditional dairy without animal cells. Their offerings are cholesterol-free, lactose-free, hormone-free, and antibiotic-free, positioning them as sustainable alternatives to conventional dairy. The company primarily targets health-conscious consumers and markets in North America and parts of Europe, supplying health food retailers, supermarkets, and direct-to-consumer channels.Re-Milk generates revenue through direct-to-consumer sales and B2B transactions with grocery chains and health food stores. Although specific pricing plans are not publicly disclosed, the company's sales strategy is designed to be competitive within the premium dairy alternative market. Their flagship product, marketed as "white gold," reflects their commitment to quality and sustainability, appealing to a diverse customer base.In January 2022, Re-Milk Ltd. raised USD 120.00 mn in Series B funding, which will be utilized to facilitate a full manufacturing rollout pending international regulatory approvals. The company aims to expand its product line and is exploring new geographical markets for further growth. The focus is on launching innovative dairy alternatives and entering additional markets in North America and Europe, enhancing its reach among consumers seeking healthier, sustainable food options.

## Funding rounds

- Series B, Jan 1, 2022, $120M — Tnuva Food Industries, Precision Capital, OurCrowd, Hanaco Venture Capital, Champel Capital, Chartered Group, CPT Capital, Yofix Probiotics Ltd., Bloom8, JUST, Tal Ventures, Hochland Deutschland GmbH
- Series A, Dec 9, 2020, $11M — Tempo Beer Industries Ltd., Tnuva Food Industries, OurCrowd, CPT Capital, Fresh.fund, ProVeg International

## Investors

- Tempo Beer Industries Ltd. — Series A
- Tnuva Food Industries — Series A, Series B
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A, Series B
- CPT Capital — Series A, Series B
- Fresh.fund (https://capitalatlas.ai/funds/fresh-fund) — Series A
- ProVeg International — Series A
- Precision Capital (https://capitalatlas.ai/funds/precision-capital) — Series B
- Hanaco Venture Capital (https://capitalatlas.ai/funds/hanaco-venture-capital) — Series B
- Champel Capital (https://capitalatlas.ai/funds/champel-capital) — Series B
- Chartered Group (https://capitalatlas.ai/funds/chartered-group) — Series B
- Yofix Probiotics Ltd. — Series B
- Bloom8 (https://capitalatlas.ai/funds/bloom8) — Series B
- JUST — Series B
- Tal Ventures (https://capitalatlas.ai/funds/tal-ventures) — Series B
- Hochland Deutschland GmbH — Series B