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NextFerm reports progress on launch of yeast-derived protein nutraingredients-usa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nutraingredients-usa.com Daily Mail and Mail on Sunday newspapers.
Fermentation specialist NextFerm raises $9.2 million in IPO Israeli company NextFerm Technologies Inc. has raised $9.2 million in an initial public offering on the Tel Aviv stock exchange, the company announced today. The IPO reportedly pegged the company’s value at $31.2 million. NextFerm also reportedly raised an additional $918,000 from a set of existing investors that includes Cider Holdings, Orgad Agricultural Cooperative, Ortal, Gadot, Arancia International, and Merage venture capital. Company benefits from Enzymotec experience NextFerm is the brainchild of former Enzymotec executives after that company was acquired by Frutarom in 2017. NextFerm’s CEO Boaz Noy headed up Enzymotec’s food ingredients division. Yossi Peled, chairman of NextFerm’s board, served in a similar position with Enzymotec. ....