TopGum receives investment from AP Partners Fund

Functional gummy supplement manufacturer TopGum Industries (TopGum) has received an undisclosed investment from AP Partners Fund in Tel Aviv, Israel.

The investment will be used by the confectionery company to increase its production capacity and enable it to focus on R&D and marketing activities in North America and Europe next year.

TopGum CEO Amichai Bar-Nir said: “The new investment allows us to increase capacity significantly and expand our activity to the US and the European markets.

“As part of the Israeli FoodTech ecosystem, TopGum is working diligently to innovate this popular delivery form, supporting our customers assiduously to stand up in the crowd with differentiated, high-quality products.”

TopGum has forayed into the Israeli confectionery market since 2004.

Last year, TopGum launched its functional gummy supplements portfolio. It also took intensive R&D initiatives and made a capital investment in GMP and UL-certified facility.

TopGum claims that its products are nut-free, lactose-free, gluten-free, and kosher and halal-certified.

AP Partners Fund focuses on product-oriented enterprises that have high growth prospects.

AP Partners founding partner Hagai Stadler said: “As a major partner at TopGum, we will take a part in its journey to becoming one of the leading gummy-based supplement producers.

“We were impressed by the company’s vision to provide clean-label, innovative gummy supplements with superior flavour, which will advance gummy formulations to the next level. AP Partners will work closely with TopGum management to unlock the vast potential of its innovative product line and stimulate growth.”

Stadler will also act as the chairman of the board of TopGum.