Israel’s DouxMatok Raises $22M For Innovative Sugar Reduction Solution

Israel’s DouxMatok, a startup that developed a patented sugar reduction solution that it raised $22 million in a series B funding round led by Singapore’s BlueRed Partners. The startup said the funds will help it drive the commercialization efforts for its solution.

Additional participants in the round included existing shareholders Pitango Venture Capital, Jerusalem Venture Partners (JVP), Food Lab Capital, as well as new financial investors, including btov Partners, OurCrowd and La Maison.