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TopGum Industries, Ltd., a gummy supplement manufacturer, received an investment from AP Partners Fund, a private equity fund.
TopGum Industries, Ltd. (Tel Aviv, Israel), a gummy supplement manufacturer, received an investment from AP Partners Fund, a private equity fund that focuses on product-oriented enterprises, to accelerate growth and expand production capacity, R&D, and marketing activities to North America and Europe.
“The new investment allows us to increase capacity significantly and expand our activity to US and the European markets,” said Amichai Bar-Nir, CEO of TopGum, in a press release. “As part of the Israeli FoodTech ecosystem, TopGum is working diligently to innovate this popular delivery form, supporting our customers assiduously to stand up in the crowd with differentiated, high quality products.”
Hagai Stadler, founding partner of AP Partners and the former CEO of Algatech, will act as Chairman of the Board for TopGum. “As a major partner at TopGum, we will take a part in its journey to become one of the leading gummy-based supplement producers,” Stadler said. “We were impressed by the company’s vision to provide clean-label, innovative gummy supplements with superior flavor, which will advance gummy formulations to the next level. AP Partners will work closely with TopGum management to unlock the vast potential of its innovative product line and stimulate growth.”