Gavan Technologies secures $8 million to launch European production of its plant-based fat alternative

Image courtesy of Nimrod Saunders

In a January 7, 2025, press release, Gavan Technologies announced it had raised $8 million in A-round funds which will be used to establish a production facility in Europe for its plant protein-based alternative to animal fats, Fatrix. Already approved for market, Fatrix is a plant-based fat that is low in saturated fat content, contains zero trans fats, and is not hydrogenated, according to the company's press release. Its formula contains only three ingredients: protein isolate, vegetable oil, and water.

Fatrix can be used as a one-to-one replacement for butter, and Gavan Technologies plans to focus on the bakery and dairy sectors, where the Fatrix can be used in a range of these products, such as croissants and whipping creams. “This funding round opens the door for Gavan to enter the European food market, where we can quickly make a positive impact," stated Itai Cohen, Gavan’s co-founder and CEO, in the press release. "Our new, fully EU-certified facility is planned to go commercial as early as April next year."

Patented technology allows for the protein to act as a binder for the oil and water, resulting in an emulsion that is stable and flavorless. "It is neutral in flavor, odorless, and highly versatile, making it possible to create any texture required," added Cohen. "It maintains stability and water- and fat-holding capacity even under processing conditions of high heat and physical pressure.” Fatrix does not require novel foods regulatory approval.

According to the press release, the Israeli venture capital firm MoreVC, led the funding round. “Fat plays an essential role in the creation of almost all foods,” stated Rony Patishi-Chillim, venture partner of MoreVC, in the press release. “It gives depth to flavors, elevates textures, and enhances the dining experience in general. The food industry is in need of a plant-based fat that can provide the same indulgent flavor and mouthfeel as butter, while supporting sustainability and personal well-being. Gavan’s unique fat creation platform is market-ready and has the potential to make a truly meaningful contribution to the USD253B fats and oils market.”

Other companies participating in the funding included Lever VC, EIT Food, and DarkBoot Group. “As early investors in the alternative protein space, we’ve evaluated countless fat solutions aiming to replace butter or animal fats,” added James Caffyn, partner at Lever VC. “Gavan’s platform stands out as the most compelling, offering a unique ability to partner with large corporates while achieving capital-efficient scaling and competitive unit economics. These qualities position Fatrix as a game-changer in the move towards healthier and cleaner-label foods.”

Gavan Technologies previously raised $2.5 million in seed funds, and the start-up emphasizes sustainability in its zero-waste platform.