LoveRaw

© LoveRaw

Investments & Acquisitions

Vegan Chocolate Brand LoveRaw Saved From Administration by Smart Organic AD

After entering administration earlier this month, UK-based vegan chocolate brand LoveRaw has been acquired by Smart Organic AD, a Bulgarian producer and distributor of organic plant-based foods. Launched in 2013, LoveRaw offers a variety of products, including Cre&m Wafer Bars, Peanut Butter Cups, and Nutty Choc Balls. The brand is available UK-wide at major retailers such as Tesco, Asda, Waitrose, Ocado, Co-op, and Whole Foods Market. At its height, LoveRaw’s products were sold at 13,000 retail outlets across 25 countries, generating revenues of £3 million. However, the company faced investment and supplier challenges, leading to operational disruption and a rapid revenue decline. Consequently, Jimmy Saunders and Mike Lennon were appointed joint administrators on April 16. The company was soon acquired by Bettr Food Limited, a …

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ExSeed sunflower protein

© ExSeed

Protein

ExSeed Develops Circular Sunflower Protein Isolate for Plant-Based Foods, Supplements & More

ExSeed is a Bulgarian startup producing a functional sunflower protein isolate that could provide an alternative to soy and pea proteins. The protein isolate is clean, nutritious, and non-allergenic, with a complete amino acid profile. It also has a neutral taste and can be produced at a competitive price. Sunflower press cake, a side stream of sunflower oil production, is used as an input for the protein isolate. This makes the process circular and efficient. Historically, extracting protein from press cake has proven challenging, involving the sacrifice of either yield, quality, or functionality; however, ExSeed’s technology provides a solution. The startup was originally working to extract protein from grape seeds, but some of the processes involved also proved effective for sunflower protein extraction. ExSeed eventually …

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