Personalised health company Remedy Health has raised $11 m in series A funding. Investors included ADM Ventures, the corporate venture capital arm of ADM, and Cibus Fund. The company also secured follow on investment from Apater Capital and Henkel X. This latest round of financing brings the company’s total value to more than $71.6 m.
Remedy was formed in May 2019 and develops patented 3D printing technologies which it uses to enable the production of personalised health and wellness and nutrition solutions.
The company offers a personalised gummy vitamin brand, Nourished, which launched in January 2020. Consumers complete a online questionnaire which gives them a recommendation of seven active ingredients designed to optimise their lifestyle and goals. Their selection is then 3D printed on demand.
Recently, the company launched Nourished Kids, personalised gummy vitamins, for kids.
Snover said: “There has been a huge rise in the number of personalised nutrition products launched over the past few years, with the industry predicted to go from $3.7 bn in 2019 to over $16 bn in 2027. Our goal at Remedy is to offer truly personalised nutrition in a single daily format; we utilise our patented 3D printing technology to achieve this, something no one else in the world can do. We provide the highest quality active ingredients available to support every individual’s specific needs and goals.”
“Remedy Health is ushering forward an entirely new era of true precision nutrition,” says ADM Ventures lead Ian Pinner, Chief Strategy and Innovation Officer at ADM, a global leader in human and animal nutrition. “The company’s 3D printed health and wellness solutions are helping the entire industry reimagine what’s possible, from truly personalised supplements to protein bars. This is an area that ADM has long been focused on, and we couldn’t be more ecstatic to invest in a company like Remedy Health, which is driving such significant advancements in nutrition, health and wellness.”
The company plans on using the funds to further expand the Nourished portfolio, adding lines for Kids and personalised protein bars to the range this year. It’s also considering production expansion to the US.