2/17/2021

Hershey's and American Sugar Refining Invest in Bonumose

Subscribe

Past Issues

Translate

HERSHEY’S AND AMERICAN SUGAR REFINING INVEST IN BONUMOSE
Investments will accelerate commercial production and distributionof plant-based sugar alternatives Tagatose and Allulose
CHARLOTTESVILLE, VA (February 17, 2021)
Bonumose, Inc., announces the closing of Series B investments co-led by The
Hershey Company (NYSE: HSY) and American Sugar Refining, Inc. (ASR).
ASR’s press release is available here, HSY's is available here, and FoodDivecoverage is here.
Tagatose and Allulose are “rare sugars.” They are naturally-occurring in somefruits and grains, but only in tiny quantities. They have sweetness andfunctionality that closely resemble regular sugar. They have the potential for
positive health benefits in a beyond better-for-you way (more information hereand here). Historically being too high-priced for widespread adoption, Tagatose
and Allulose – due to Bonumose’s innovations – can be affordable forwidespread use across multiple categories of foods, beverages, and otherapplications.
ASR owns the iconic Domino® sugar brand, among others, and through its
affiliates is the world’s largest refiner and marketer of cane sugar.
Bonumose’s investors also include Bangchak, iSelect Fund, ArgonauticVentures, Applied Food Sciences, Cure8 Ventures, Next Gen Nutrition
Investment Fund, and a Japan-based food company.
Bonumose was represented in the Series B transaction by Holland & Hart andsupported by the intellectual property law firm J.A. Lindeman & Co.
Bonumose is hiring talented individuals for several open positions. If you areinterested in helping make healthy sugar affordable for more people, pleaseinquire at careers@bonumose.com.
About Bonumose
Bonumose, Inc. (www.bonumose.com) is an early-stage food ingredient andenzyme innovation company based in Charlottesville, Virginia, USA. Bonumose
https://mailchi.mp/c157ac01b5e6/hersheys-and-american-sugar-refining-invest-in-bonumose

1/2

2/17/2021

Hershey's and American Sugar Refining Invest in Bonumose

is supported by global strategic investors and “food for health”-focused

Subscribe

Past Issues

institutional investors, and an expanding ecosystem of collaboration partners
across the value chain. Bonumose developed and patented the methods forcontinuous production of high-purity rare sugars – such as tagatose andTranslate

allulose – from low-cost, plant-based feedstocks (starch). Bonumose’s costadvantaged process makes possible the mass-market adoption of healthy,
great-tasting, fully-functional rare sugars. Going beyond commodity starch asits feedstock, Bonumose upcycles by-product/sidestream starch left over fromits supply chain partners’ food production. Beyond food ingredients, Bonumose
also is developing enzyme solutions for dietary supplements, crop protection,
animal nutrition, and other industries. Bonumose operates with a philosophy ofBusiness as a Moral Imperative.

ShareTweet

ForwardThis email was sent to <<Email Address>>why did I get this? unsubscribe from this list update subscription preferences
Bonumose, Inc. · 1725 Discovery Drive · Suite 220 · Charlottesville, Virginia 22911 · USA

https://mailchi.mp/c157ac01b5e6/hersheys-and-american-sugar-refining-invest-in-bonumose

2/2