Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Lotus Bakeries invests in nutrition bar company

FoodBev Media 2023-01-06
Share       
Tag: snacks

Lotus Bakeries‘ corporate venture fund, FF2032, has acquired a minority stake in Boston-based better-for-you food manufacturer, IQBAR. 

FF2032 became a lead investor in IQBAR’s recent Series B funding round, aiming to support the brand’s growth and development. 

Founded in 2017, IQBAR has created a line of plant-based nutrition bars, each containing 12g of protein and six “brain” nutrients that support cognitive performance, such as omega-3 oils, vitamin E and choline. The bars are vegan, keto- and paleo-friendly, and are free from gluten, dairy, sugar alcohol and soy. 

The bars come in seven flavours, including chocolate sea salt, lemon blueberry, almond and matcha chai. IQBAR also sells a range of zero-sugar hydration mixes.

Will Nitze, founder and CEO of IQBAR, said: “The best partnerships are those wher all participants think long-term and prioritise doing business the right way. This is one of those special partnerships. We look forward to leveraging Lotus’ deep operational experience to accelerate IQBAR’s growth.”

Jan Boone, CEO of Lotus Bakeries, added: “So far, IQBAR has already shown good traction with consumers and we have strong belief the brand will continue to perform strong. We believe in the team and we especially admire Will’s hyper-focus on business fundamentals, meticulous execution and solid capital efficiency.”

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

VF Series Vacuum Filter

VF Series Vacuum Filter

Electrical Equipment

Electrical Equipment

Honeysuckle Garlic Capsule

Honeysuckle Garlic Capsule

check weigher  60T

check weigher 60T

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121