Else Nutrition GH Ltd.

elsenutrition.com

Formerly INDI (Innovative Non Dairy Infant formula)

High-Tech Company
Public Company

(Frankfurt Stock Exchange: OYL)

TECH VERTICALS

FoodTech, Nutrition Allergy, Alternative Proteins, Babies, Dairy Alternatives, Healthtech, Industrial Technologies, Plant-based

General Data

Sector	Hardware & Industrial
Company Stage:	Initial Revenues
Established	2017
Number of Employees	30
Reg. Number:	abCDe

DESCRIPTION

Else Nutrition is focused on developing innovative, clean, and whole plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.

TECHNOLOGY

Else Nutrition developed a 100% plant-based baby formula that is produced from protein-rich almonds and buckwheat, in a natural process, without purified oil blends. The formula is non-dairy, non-soy and free of hormones, antibiotics, gluten and GMO. It meets the nutritional golden standard of breast milk, while providing a solution for lactose intolerance, allergies and other sensitivities.

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Families, Toddlers, Specialty Retailers, Foodtech market.

	BUSINESS MODEL
	B2C

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Patent Attorneys

CONTACT INFO

Expand / Collapse All

Main Address: Westerville, United States

Address	501 W. Schrock Rd.
City	Westerville
State/Province	OH
Country	United States
Zip	43081

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Tel Aviv, Israel

Address	6 HaNehoshet St.
City	Tel Aviv
Country	Israel
Zip	6971070

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Toronto, Canada

City	Toronto
Country	Canada

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Ms. Hamutal Cohen-Yitzhak	CEO & Co-Founder
Mr. Michael Azar	CTO & Co-Founder
Mr. Uriel Kesler	COO & Co-Founder
Mr. Shay Shamir	CFO & Corporate Secretary	Atlantium Technologies (CFO)
Mr. Reuben Halevi	VP, Sales Operations	MIND CTI (CTO)
Dr. Fabiana Bar-Yoseph	Global Director, Clinical & Regulatory Affairs
Ms. Renana Mizrahi	Global Director, Medical & Scientific Affairs
Mr. Avi B. Markus	SVP, North America - Retail

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Board Member	CEO & Co-Founder, Else Nutrition
abC Defghij	Board Member	COO & Co-Founder, Else Nutrition
abC Defghij	Board Member	CEO & Co-Founder, Wise Solution; Former Chairman, Mekorot.
abC Defghij	Board Member	CTO & Co-Founder, Else Nutrition

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Reverse Merger

Jun. 18, 2019

Initial Revenues

abCDe

Public Offerings

Deal Date	Type of Offering	Exchange	Amount Raise	Valuation	Remarks
Oct. 20, 2021	Third Public Offering	TSX	abCDe	abCDe	Raised CAD 17.3m, including the exercise of the over-allotment option in full.
Oct. 06, 2020	Second Public Offering	TSX	abCDe	abCDe	Raised C$20.7m, Valuation C$185m.
Jul. 24, 2020	Listing	OTC Pink	abCDe	abCDe
Jun. 12, 2020	Listing	Frankfurt Stock Exchange	abCDe	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

PIPE

Feb. 06, 2025

Initial Revenues

abCDe

PIPE

Oct. 13, 2020

Initial Revenues

abCDe

Raised C$5m, Valuation C$185m.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Corporate VC	abCDe	C$4m.
abC Defghij	Other	abCDe	C$1m

PIPE

Feb. 19, 2020

Initial Revenues

abCDe

PIPE

Jun. 18, 2019

Initial Revenues

abCDe

	Non-Equity Assistance

Expand / Collapse All

Date

Stage

Remarks

Non-Equity Assistance

Sep. 01, 2017

R&D

Contributor	Type	Amount	Remarks
abC Defghij	General Accelerator	abCDe

Last Updated:	abCDe
IVC Number:	abCDe