Colorcon has invested in Remedy Health, a provider of personalised nutrition and wellness products through its Nourished and Nourished KIDS brands.
To access the products, consumers complete an online questionnaire and receive personalised recommendations for seven key ingredients. Remedy then uses 3D-printing technology to produce personalised gummy vitamin stacks. Nourished products are available online in the United States and Europe, and at select retailers throughout the United Kingdom.
Ali Rajabi-Siahboomi, VP and Chief Innovation Officer at Colorcon, said: “Remedy Health aligns with Colorcon Ventures’ strategic focus on novel oral dosage forms. As evidenced by the company’s impressive 600% revenue growth, a personalised, single daily format product with a clean ingredient profile is very appealing to health-conscious consumers. As a leading supplier to the pharmaceutical and nutraceutical industries, Colorcon is excited to support and collaborate with Remedy to further accelerate and expand their developments and benefit consumers through personalised 3D printing technology.”
Melissa Snover, Remedy Health’s Founder and CEO, said: “We are pleased to have Colorcon Ventures join our roster of strategic investors as we scale Remedy to revolutionise the health industry and capture more of the rapidly growing, multi-billion-dollar personalised nutrition market. We look forward to working with Colorcon to accelerate our development and streamline our scale up and manufacturing processes.”
Colorcon Ventures joins the investors who participated in Remedy’s previously announced Series A, including ADM Ventures, Cibus Fund, Henkel X, and Apater Capital.
