Beyond Oil's Solution to Healthier Frying Attracts $1.5M Post-IPO Investment
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Israeli food-tech company Beyond Oil Ltd. has completed a non-brokered private placement, raising C$2,018,551.83 (approximately $1.5 million USD) by issuing 1,345,697 shares on the Canadian Securities Exchange at C$1.50 per share. The funds will support the company’s mission of revolutionizing the frying industry by offering a solution that improves food health while cutting operational costs and environmental impact.
Founded in 2018 and headquartered in Kibbutz Yifat, Israel, Beyond Oil has developed a patented powder that significantly extends the lifespan of frying oil by reducing free fatty acids to less than 0.1%. This not only preserves the oil's nutritional value but also enhances food quality, reduces waste, and minimizes harmful substances like trans fats, which accumulate when oil is reused.
Beyond Oil's products are gaining traction in Israel, the U.S., and the U.K., offering a promising future for the global vegetable oil market by improving the sustainability of the food industry.
Source: Niva Goldberg / Jewish Business News
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