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Plant-based alternatives to milk and dairy products: BayWa Venture GmbH invests in YoFix Probiotics
BayWa AG
Public relations / Corporate communication / Public affairs
Arabellastr. 4
81925 Munich
Germany
Telephone +49 89 9222-3680
Fax
+49 89 9212-3680
the Internet
www.baywa.com / Press
Munich, November 24, 2021 – BayWa continues to develop its activities in the field of alternative proteins by investing in the Israeli start-up YoFix Probiotics. The investment, made through BayWa Venture GmbH, the investment and collaboration arm of BayWa AG, was part of YoFix Probiotics’ second round of funding, in which it raised a total of $ 3.5 million. . YoFix Probiotics produces alternatives to milk and dairy products such as yogurt and porridge, using oats, lentils, sunflower seeds, sesame, and coconut in place of milk.
“Investing in solutions dedicated to the development of high protein plant foods is a strategic step both for us at BayWa and for the food chain as a whole,†said Prof. Klaus Josef Lutz, CEO of BayWa AG. “YoFix has developed a unique production process without additives and without waste for its healthy and tasty dairy alternatives. By combining our efforts, we seek to meet the growing demand in Europe for plant-based, sustainable and dairy-free products. ”
“This investment reaffirms our commitment to alternative sources of protein,†says Marcus Pöllinger, BayWa board member whose responsibilities include agricultural activities in Germany. “We are too
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aimed at strengthening our role in product trading and developing business relationships in manufacturing. At the same time, we are exploiting new and promising sales channels for our agricultural customers. We are responding to changes in consumer demand, with plant-based foods becoming increasingly popular among a younger population in particular. ”
YoFix currently offers two product categories in a variety of flavors: Yo’Ridge dairy-free and soy-free porridge and yogurt alternative Only, which is available as a drink and a pot. Other dairy-free alternatives are expected to be added in the future, including cream cheeses, drinks, desserts and ice cream. The goal of YoFix Probiotics is to offer dairy-free alternatives to all current milk and dairy products.
BayWa Venture GmbH
BayWa Venture GmbH is a 100% subsidiary of BayWa AG. Through its venture capital activities and collaborations with start-ups, BayWa Venture facilitates access to new technologies and the development of innovative business models for BayWa and the companies of its Group. YoFix Probiotics is BayWa Venture’s third alternative protein investment so far this year. “A sustainable, healthy and safe way to produce plant protein is necessary if we are to meet the demand for non-animal protein sources,” says Marion Meyer, director of strategy and innovation at
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BayWa Venture GmbH. “We are meeting this challenge by investing in scalable and innovative technologies and by establishing reliable and dynamic partnerships. Our investment in YoFix marks a further addition to our technology portfolio and a new area of ​​application in the field of alternative proteins.
BayWa Venture has already participated in financing rounds for start-ups Amfora and Amai Proteins in mid-2021. Biotech company Amfora uses genome editing to increase the protein density of plants like soybeans. Amai Proteins develops special proteins as ingredients for the food industry, such as a sweetener made from computer-designed proteins and produced using precision microbial fermentation.
Learn more about BayWa Venture: venture.baywa.com
Learn more about YoFix: yofix.co.il/
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- November 2021
Download the picture(© YoFix Probiotics, free reprint)
Legend: So far, YoFix offers two product categories in different
flavors: dairy-free, soy-free oatmeal “Yo’Ridge” (photo)
and the alternative to “Only” drink and spoon yogurt
version.
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You can download print-ready press photos, footage and video statements – without registration – from BayWa Mediapool at https://www.baywa.com/mediapool#/.
Editor:
Antje Krieger, BayWa AG
Press Officer, Public Relations / Corporate Communication / Public Affairs Phone: +49 89 / 9222-3692, Fax: +49 89 / 9212-3692 E-mail: [email protected]
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Disclaimer
BayWa AG published this content on 23 November 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 24 November 2021 05:09:01 PM UTC.
Public now 2021
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Trends in technical analysis BAYWA AG
| Short term | Mid Road | Long term | |
| Tendencies | Neutral | Neutral | Neutral |
Evolution of the income statement
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To sell  To buy |
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| Average consensus | SOCKET |
| Number of analysts | 1 |
| Last closing price |
€ 48.00 |
| Average price target |
€ 43.50 |
| Spread / Average target | -9.38% |
