Founded Year

2014

Stage

Series A | Alive

Total Raised

$7.1M

Last Raised

$6.9M | 2 yrs ago

About Joywell

Joywell is a food tech company focused on building a new class of foods based on healthy sweeteners derived from exotic fruits.

Joywell Headquarter Location

202 Cousteau Pl

Davis, California, 95618,

United States

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Joywell's Products & Differentiation

See Joywell's products and how their products differentiate from alternatives and competitors

  • Drinks

    We're launching a variety of drinks sweetened by sweet proteins.

    Differentiation

    Sweet drinks that don't trigger blood sugar levels or gut microbiome. 

Expert Collections containing Joywell

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Joywell is included in 2 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

238 items

Companies involved in design and development of new biological parts, devices, and systems; as well as the re-design of existing biological systems.

F

Food & Beverage

2,796 items

Joywell Patents

Joywell has filed 1 patent.

The 3 most popular patent topics include:

  • Cancer treatments
  • G protein coupled receptors
  • Medical physics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/4/2020

Radiation therapy, Sugar substitutes, G protein coupled receptors, Medical physics, Cancer treatments

Application

Application Date

9/4/2020

Grant Date

Title

Related Topics

Radiation therapy, Sugar substitutes, G protein coupled receptors, Medical physics, Cancer treatments

Status

Application

Latest Joywell News

Joywell Foods Readies for Commercialization with $25 Million in Funding Led by Piva Capital

May 27, 2022

News provided by Share this article Share this article Innovative food technology and consumer goods company set to bring sweet proteins to market to address global health & sustainability challenges DAVIS, Calif., May 27, 2022 /PRNewswire/ -- Joywell Foods, a pioneering food technology and consumer goods company unlocking the power of sweet plant proteins in our modern diets, today announced it has raised an oversubscribed $25 million Series B funding round to bring sweet protein products to consumers for the first time. The round was led by Piva Capital , with participation from B37 Ventures and Global Brain Corporation  as well as existing investors Khosla Ventures ,  Evolv Ventures , SOSV's IndieBio   and Alumni Ventures . As a part of the transaction, Piva Partner and Co-Founder Adzmel Adznan  will join Joywell's board. Joywell Foods Joywell Foods utilizes a proprietary microbial fermentation process to produce nature-identical sweet proteins found in exotic fruits and berries. These sweet proteins are great at mimicking the taste of sugar, and as proteins, they don't impact blood sugar levels or gut microbiomes. Plus, since they are 2,000-5,500 times sweeter than sugar on a weight basis, a little goes a long way, making sweet proteins a very efficient solution. "Worldwide, consumers love their sweets; we want people everywhere to have their cake and eat it too!" said Joywell Foods CEO Ali Wing. "Novel proteins that are sweet change the game for consumers – great-tasting, healthy and good for the climate all in one. In partnership with our top-tier group of global investors, we're excited to bring sweet proteins to market." Over the past 12 months, Joywell Foods has scaled its sweet protein platform across multiple proteins, developing consumer products and gearing up for launch. With this new funding, Joywell plans to continue to accelerate R&D and scale up for commercialization across its entire sweet protein platform. At scale, sweet proteins have profound implications not only for people's health but also for the planet. Every one percent reduction in sugar production results in approximately 650,000 acres of sugar cane fields saved. Joywell's low carbon footprint, and health-forward, naturally-fermented sweet proteins directly support less deforestation and healthier ecosystems. "Traditional sugar is not only the chief culprit in our battle with obesity and diabetes, but it also requires millions of acres of land impacting precious ecosystems," said Adzmel Adznan, Partner and Co-founder, Piva Capital. "Joywell Foods' sweet proteins are a genuine breakthrough in addressing both of these critical issues. We look forward to supporting Ali and the team as they accelerate from R&D to commercial success." About Joywell Foods Joywell Foods is a food technology and consumer goods company leveraging microbial fermentation to unlock the power of sweet plant proteins in our modern diets. Sweet proteins, derived from exotic fruits and berries that evolved to provide sugar-like sweetness without sugar, are over 2000x sweeter than sugar, much lower in calories, and don't impact blood sugar levels. Offering a better tasting and healthier alternative for the modern-day sweet tooth, Joywell Foods' sweet protein platform presents a category-defining brand opportunity to change the role of sugar in our favorite foods. To learn more, visit joywellfoods.com. About Piva Capital Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs who are solving the world's critical industrial challenges with breakthrough technologies and innovative business models. For more information, please visit us at   Piva.vc,  on   LinkedIn  and   Medium. Media Contact:

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  • When was Joywell founded?

    Joywell was founded in 2014.

  • Where is Joywell's headquarters?

    Joywell's headquarters is located at 202 Cousteau Pl, Davis.

  • What is Joywell's latest funding round?

    Joywell's latest funding round is Series A.

  • How much did Joywell raise?

    Joywell raised a total of $7.1M.

  • Who are the investors of Joywell?

    Investors of Joywell include IndieBio, Alumni Ventures, Evolv Ventures, Khosla Ventures, B37 Ventures and 6 more.

  • What products does Joywell offer?

    Joywell's products include Drinks.

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