Biovit

Overview
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Functional Ingredients?
Product stageSegments
Minimum Viable Product
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Vitamin and mineral additives
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BIOVIT is a pioneering company that produces certified organic, plant-derived, multi-nutrient blends for fortifying food and beverage products. Their unique offering involves extracting vitamins and minerals from organic sources like leaves, flowers, roots, and fungi, and standardizing their nutritional content. This enables precise fortification of consumer goods, similar to synthetic multi-nutrients, but with natural, plant-based ingredients.

BIOVIT's innovative technology provides a game-changing solution for the clean label space, allowing food and beverage companies of any scale to fortify their products with natural nutrients. Their clinically developed and tested blends offer access to over 100 approved health claims, adding value and increasing product margins. As of October 2023, BIOVIT secured GBP 500,000 in research funding from the UK government's Innovate UK 'Better Food For All' initiative to collaborate with Swansea University and study the bioavailability and efficacy of plant-derived versus synthetic vitamins and minerals.

In partnership with Swansea University, BIOVIT aims to develop new food-process-stable products, guaranteeing nutrient content post-baking, freezing, and pasteurizing. This innovation could enable mass consumer products fortified with plant-derived nutrients for the first time, potentially disrupting the fortified food and meal-replacement markets by introducing organic options. BIOVIT plans to make its products available to food and beverage producers in the UK, Europe, and the US from the first quarter of 2024.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
32 The Norton Tenby GBR
Founded year:
2023
Employees:
11-50
IPO status:
Private
Total funding:
USD 2.3 mn
Last Funding:
USD 2.0 mn (Grant; Sep 2024)
Last valuation:
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