TopGum Industries, a functional gummy manufacturer for nutraceutical marketers, has secured an investment from AP Partners Fund, Tel Aviv. This injection will accelerate growth and expand production capacity, R&D and marketing activities to North America and Europe in 2021.
TopGum entered the Israeli confectionery market in 2004, and launched its functional gummy supplements portfolio in 2019.
Amichai Bar-Nir, CEO of TopGum, said: “The new investment allows us to increase capacity significantly and expand our activity to the US and the European markets. As part of the Israeli food-tech ecosystem, TopGum is working diligently to innovate this popular delivery form, supporting our customers assiduously to stand up in the crowd with differentiated, high quality products.”
AP Partners Fund, a private equity fund, focuses on product-oriented enterprises with high growth prospective. Hagai Stadler, founding partner of AP Partners and the former CEO of Algatech, a producer of active ingredients delivered from microalgae, will act as chairman of the board for TopGum.
“We were impressed by the company’s vision to provide clean label, innovative gummy supplements with superior flavour, which will advance gummy formulations to the next level. AP Partners will work closely with TopGum management to unlock the vast potential of its innovative product line and stimulate growth,” Stadler concluded.