David Protein has raised $75 million in Series A funding to acquire food-tech company Epogee, aiming to enhance its supply chain and product innovation amid legal challenges.

Information on the Target

David Protein, an emerging brand in the protein bar market, has successfully raised $75 million in Series A funding. This capital will be utilized to acquire Epogee, a food-tech company recognized for its innovative plant-based fat alternative, EPG. The acquisition is part of David Protein's strategy to enhance its supply chain and foster product innovation, thereby positioning itself more competitively in the food and nutrition sector.

Epogee's EPG has the ability to reduce calories from fat by up to 92%, allowing food manufacturers, including David Protein, to deliver higher protein content without the addition of sugars. Following the acquisition, Epogee will continue its operations as an independent entity, receiving logistical, manufacturing, and regulatory support from David Protein.

Industry Overview in the Target's Specific Country

The protein bar market has seen significant growth in recent years, driven by increasing consumer demand for healthy snack options and protein-rich foods. This market is characterized by a diverse range of product