Sparkalis, the Foodtech venture fund, has taken a minority stake in Fooditive. The next-generation food technology business, based in the Netherlands, Fooditive, specialises in sustainable plant-based ingredients.
Fooditive’s repertoire notably includes an upcycled calorie-free natural sweetener with its taste and functionality mimicking sugar. An ingredient derived from apple and pear side streams.
Sparkalis Managing Director Filip Arnaut has joined Fooditives advisory board following the minority stake investment, making him one of eleven Foodtech experts sitting on the board.
“Sparkalis has acquired a stake in Fooditive because we share the same vision for the future of the food industry. We are committed to facilitating innovative solutions that will change how we think about food production and create a more sustainable footprint for the industry,” stated Arnaut.
The experts will provide advice and insights to support Fooditive's objective of creating plant-based alternative ingredients that are more sustainable and healthier for consumers.
Fooditive has grown in prominence due to successfully incorporating its precision fermentation technology to produce innovations such as vegan casein and bee-free honey. In a first for the food industry, the company became a signatory to the Washington Compact, a futuristic agreement on conducting business operations in outer space.
CEO of Fooditive, Moayad Abushokhedium, commented that the partnership would allow the company global access, giving it access to markets that it did have previously.
“This will enable us to take our innovations to a wider audience and, in doing so, bring about the changes that are needed to ensure the food supply chains of the future are truly sustainable,” shared Abushokhedium.
