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Alchemy Foodtech
A food science and technology company that develops novel active food ingredients to fighs diabetes
About Alchemy Foodtech
Alchemy Foodtech, a Singapore-based food technology company, is strategically positioned in the health and wellness market, providing ingredient solutions to combat the rising prevalence of chronic diseases like diabetes and obesity. The company was founded in 2015 by the husband-and-wife team, Alan Phua and Verleen Goh. Their entrepreneurial journey began with a low-calorie vegan ice cream brand, Soyato, in 2011, which they exited in 2015 to establish Alchemy Foodtech. The inspiration for the company is deeply personal, as Phua's family has a significant history of diabetes, which drove the founders to develop food solutions that are both healthy and enjoyable.
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The company operates on a business-to-business-to-consumer (B2B2C) model, partnering with food manufacturers, quick-service restaurants (QSRs), and food service companies to integrate its solutions into their products. Alchemy Foodtech's revenue is generated by supplying its proprietary fiber blends to these partners. Key clients include prominent names like Subway, Tim Hortons, and Yamazaki Bakery, indicating the company's capability to collaborate with large-scale food producers. The company has a strong focus on international expansion, with established operations in China and plans to enter markets in Thailand, Indonesia, Japan, South Korea, and the United States.
Alchemy Foodtech's core offering consists of its patented, plant-based fiber technologies, Alchemy Fibre™ and SweetFibre™. Alchemy Fibre™ is a blend of plant-based ingredients designed to be added to carbohydrate-rich foods like rice, noodles, and bread. Its primary function is to lower the glycemic index (GI) of these foods, slowing down glucose release and digestion, without altering the taste, texture, or appearance of the final product. SweetFibre™ is a sugar replacement solution that offers a similar taste and mouthfeel to sugar but without the calories, and it is high in fiber and prebiotics. This product enables manufacturers to make claims such as "sugar-free" or "high-fibre" on their packaging. The company has secured patents for its technology in numerous countries and has received strategic investments from major corporations, including Thai Union and Ting Hsin International Group.
At a glance
- Founded
- 2015
- Headquarters
- Singapore, Singapore
- Sector
- Biotech & Life Sciences
Latest news
Press, funding announcements and product moves mentioning Alchemy Foodtech.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
Heritas Capital Management
NUS Enterprise
Thai Union
Bits x Bites- FCFuchsia Venture Capital
Sunbo Angel Partners
Series A5 investors entered at this stage
Seeds Capital- PPPine Venture Partners
Thai President Foods- SKSelera Kapital
- TGTing Hsin group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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