Joywell Foods: Raises $25 Million in Funding

Joywell Foods Raises $25 Million in Funding

• JoywellFood, a Devis, CA-based food technology and consumer goods company, raised $25M in funding
• The round was led by Piva Capital, with participation from B37 Ventures, Global Brain Corporation, 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
• The company intends to use the funds to continue to accelerate R&D and scale up for commercialization across its entire sweet protein platform
• JoywellFoods is a food technology and consumer goods company that utilizes a proprietary microbial fermentation process to produce nature-identical sweet proteins found in exotic fruits and berries