The company intends to expand its plant-based protein and omega-3 business
Plant-based omega-3 pioneers, Qualitas Health, DBA iwi, announced it has secured $10 million in venture funds at a $73 million post-money valuation. The investment round is being led by world-class foodTech investor PeakBridge VC, Malta, together with Arancia Group, a privately owned Mexico-based food ingredient/food service conglomerate, Minrav (the company’s largest investor) and additional private investors. Additional convertible notes held by Minrav Holdings, Sasa, Trucent and other single investors are converted to equity.
The investment will accelerate customer acquisition, and commercialization of the company’s unique plant-based protein. The funds will also be used to deepen its strong clinical science and IP and accelerate its expansion into additional geographies.