Advanced extraction technology
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A platform technology for the nutrient industry.
Mazza’s sustainable approach to extraction enables clean-label ingredients
The Opportunity
The growing interest in how food impacts our bodies has resulted in a higher demand for ‘clean label’ ingredients that are safe, natural and good for you. Formulators of food, beverages and supplements are seeking ways to deliver those ingredients. One aspect of that is extraction, which often requires solvents or other chemicals. Mazza Innovation’s water-based extraction technology presents a superior and sustainable alternative.
The Challenge
Mazza Innovation had a strong technology in its water-based extraction. It was lauded for its technical capability and the sustainable way it could supply clean label ingredients. But the company needed investment capital to continue its growth trajectory.
NPC was extremely valuable to Mazza in terms of identifying suitable investors. They provided introductions, support and guidance that helped us secure investment and meet critical milestones to expand our company.
NPC’s Solution
NPC used its Investment Fund to inject $150,000 into Mazza, leading their $3M financing round in 2017. The capital helped the company close on several additional investors and continue its growth, which very quickly led to acquisition by Sensient, a leader in flavours and fragrances who recognized its powerful technology as a competitive advantage to their business. The company was renamed to Sensient Natural Extraction and maintained operations in Canada post-acquisition. Mazza’s acquisition in July 2018 was NPC’s first exit from its investment fund.
NPC is committed to the creation of natural products that are better for people, animals and the planet. We propel early-stage Canadian innovators with the advice, connections and capital they need to develop and de-risk their solutions quickly and efficiently.
Mazza Innovation
Description:
Sector(s):
Food, Nutrition, FoodtechFunding Type:
Investment FundProvince:
British ColumbiaFunding Amount:
$150,000
Year of Funding:
2017Name:
Ben Lightburn