Ok, we'll fess up. We love carbs, especially rice! You too? Well, meet the startup making carbs good — Alchemy Foodtech. Now, this Singapore-based startup just raised a $3M bridge round.

• No more guilt. Alchemy Fibre blends are low in sugar, high in fiber, amazing for your gut health and plant-based!

Investor check. Thai President Foods, Pine Venture Partners and Selera Kapital (investment arm of Sour Sally Group). Existing investors like Thai Union, Fuchsia Venture Capital, Heritas Capital and SEEDS Capital also joined in!

• According to Crunchbase, they may have raised around $4.8M in funding before this bridge round.

‍

👨🏻‍🍳 Not-so-sweet recipe

Alchemy's goal is to make carbs healthier while keeping the food's great taste, texture and appearance the same. Oh, and it's affordable too!

• They're here to help people eat less sugar from refined carbohydrates like white rice, especially for diabetics.

So, they've created their own Alchemy Fibre blends that make carbs healthier. These different blends are used in their products, like Alchemy Fibre Rice and Alchemy Fibre Flour, that you can swap for your usual rice or flour.

• These 100% plant-based and non-GMO blends are made of plants like chicory root, pea, corn, tapioca, tuber roots, beans or legumes.
• They've all got a low glycemic index and are high in probiotics too!

‍

😋 No more sugar highs

Tons of companies are just like you and I — we're all promising to reduce sugar! So, Alchemy Foodtech is working with several MNCs on a wide set of products, like noodles, bread, cookies, yogurts, ice creams and drinks and will be launching them in the first half of this year.

‍

🌏 Coming to you soon!

They'll be going to their next stage of development in local and overseas markets. Next stop? China. They'll grow in China through distributors, B2B partners and a new office.

• They'll also be expanding to other countries like Thailand, Indonesia, Korea, Japan and the US.

Oh, and they're launching a new baking mix brand, Allo by Alchemy that has a sugar-free brownie mix, muffin mix and cookie mix!