Vgarden, known in the Israeli market as Mashu Mashu, is five-year-old firm based at northern kibbutz already supplying global pizza companies, other large stores and food companies
Leumi Partners invests in vegan products co Vgarden
Leumi Partners CEO Avi Ortal: The international foodtech market is huge, and Vgarden can become a substantial player in it.
Bank Leumi (TASE: LUMI) investment arm Leumi Partners is starting to invest in foodtech. The company will invest NIS 55 million in Vgarden, a producer of vegan cheese and meat alternatives owned by Kibbutz Gan Shmuel and Hadar Food Technology Ltd. The investment will be used to continue product development and to expand Vgarden s international activity.
Leumi Partners, headed by Avi Ortal, has become one of the largest investment bodies in the Israeli economy, with a portfolio valued at NIS 4 billion, mainly focused on energy, retailing, finance, real estate, and technology. Two weeks ago, it bought 20% of security company Team 3 for NIS 65 million. So far this year, it has made investments to the tune of more than NIS 1 billion.