Monday, January 25, 2021

Qualitas Health raises $10m to advance plant-based protein

Qualitas Health has secured $10 million in venture funds to globally expand its plant-based protein and omega-3 business.

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.

The investment will accelerate customer acquisition, and commercialisation 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.

Qualitas Health currently produces proprietary, clinically proven, high-absorption omega-3. It markets 15 supplement SKUs under the iwi brand in the US, including soft gels and functional gummies.

“This investment will be instrumental to accelerating growth in 2021 as iwi advances to the industrial pilot stage of our unique plant-based protein, start the regulatory process, and conduct additional clinical studies,” says Miguel Calatayud, CEO of Qualitas Health.

“This uniquely sourced, complete plant protein will be ready for commercialisation in 2022.”

“This new investment round is a significant milestone for our company,” adds Calatayud.

“We are fortunate to have such prominent partners join us in our journey and we are grateful to our existing and new shareholders for their commitment and ongoing support. iwi experienced significant growth in 2020 with online sales, and strong sales growth is forecast to continue in 2021.”

“Qualitas ticks all the boxes for meeting our investment criteria,” contributes Nadav Berger, co-founder and Managing Partner of PeakBridge.

“It has strong intellectual property, proven scaling capabilities, and tremendous sustainability impact — all of which give iwi a unique edge within the plant-based nutrition industry. We welcome Qualitas and its new and existing investors to the PeakBridge family.”

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