SavorEat raised $3,000,000 Series A from Investment houses: Mor and Meitav Dash. The investment is at a company valuation of $25 million and will be conducted in two stages in accordance with the company’s milestones. SavorEat develops a new generation of meat alternative products which recreate the unique experience, taste and texture of meat in a convenient way and without a single animal in sight. The technology enables meat lover and vegans to enjoy the unique meat experience in a sustainable and forward thinking way.
SavorEat’s unique technology allows to enjoy a ready to eat personalized meal at the click of a button. The product is a combination of proprietary 3D printing technology, automatic cooking machine and unique plant-based ingredients that allow the creation of a variety of textures and designs that characterize meat.
“We believe that only a quality and healthy alternative to meat will succeed in leading the wished for change of reducing meat consumption. Through the last financing round, we will work to realize this outlook and bring unique technology to the market that can lead the foodtech market.”SavorEat CEO Racheli Vizman
In addition, the solution offers number of benefits over traditional manufacturing processes, including the ability to cook or grill the product simultaneously with the printing process and the ability to personalize the dish to fit consumer’s specific diet, lifestyle or medical condition.
SavorEat was founded by CEO Racheli Vizman, Chief Scientist Prof. Oded Shoseyov, and Prof. Ido Braslevsky. The technology was developed at the Hebrew University’s Faculty of Agriculture and has received an exclusive commercialization license from the Hebrew University’s Yissum technology transfer company.