Torr Bar Ltd.
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Torr Bar Ltd. - overview
Established
2019
Location
-, -, Israel
Primary Industry
Food
About
Based in Israel, Torr Bar Ltd. operates as a food technology company specializing in the development of healthier snack products using its proprietary iWeld™ technology. Torr Bar Ltd. focuses on creating innovative snack solutions through advanced food technology.
Founded in 2019, it has successfully completed two deals, with its most recent funding round in November 2022. The company is led by CEO Roy Naaman, who has a history of entrepreneurship in the food sector. Torr Bar is headquartered in Israel and has attracted notable investors, including Harel Insurance Investments, Mondelez Global LLC, Strauss Group, and The Kitchen Hub, raising a total of USD 12. 00 mn in Series A funding.
Torr FoodTech specializes in the development and manufacturing of innovative snack products utilizing its proprietary iWeld™ technology. This technology combines mechanical pressure and ultrasonic energy to eliminate added sugars and binders in snack production. Its main product offerings include a variety of snacks like bars, cookies, crackers, and breakfast items aimed at health-conscious consumers. By focusing on 100% real food ingredients with no added sugars or preservatives, Torr serves food manufacturers, retailers, and distributors prioritizing healthier, sustainable options in North America and Europe.
Torr FoodTech's revenue model is built on direct partnerships with food manufacturers and retailers, leveraging its unique technology to create healthier snack options. The company engages in B2B transactions, collaborating with clients to develop customized snack products that meet market demands. Their flagship offerings, marketed under the brand Presteez, showcase the distinctive flavors and textures enabled by the iWeld™ technology, fostering long-term partnerships and supporting growth in the innovative snack segment. With the recent Series A funding of USD 12.
00 mn raised in November 2022, Torr Bar Ltd. plans to enhance its product lineup by introducing new snack varieties tailored to the evolving preferences of health-conscious consumers. The company is also targeting expansion into additional markets across Europe and North America, leveraging its innovative capabilities. The funding will be strategically utilized to support product development and market entry strategies, further establishing Torr's position in the healthier snack sector.
Current Investors
Mondelez Global LLC, Harel Insurance Investments, Strauss Group
Primary Industry
Food
Sub Industries
Snack Foods, Other Food Products
Website
www.torrfoodtech.com
Verticals
Manufacturing
Company Stage
Series A
Total Amount Raised
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