With struggling health care systems and the pandemic that exposed the need for innovation within health, digital health has gained momentum in a big way and is surely here to stay. As our focus on nutrition becomes more crucial, food tech startups are looking for sustainable and healthy alternatives to traditional foods.
Berlin-based food and health tech company Lykon has raised €10 million to help people take control of their health through certified nutritional advice.
The Series A round was led by venture capital investor Zintinus along with participation from venture debt provider Bridge To Growth and existing investors MA Ventures, the venture capital fund of Swiss retailer Migros Aare and media group Ippen Digital. The company has also launched a new brand identity to help boost awareness of the benefits of personalised, science-based nutrition.
Founded in 2018, Lykon is developing personalised nutrition concepts and dietary supplements based on laboratory-diagnostic blood and DNA analysis, artificial intelligence and medical research. With just a few drops of blood or saliva, which can be collected at home, the startup is able to provide customers with tailored nutrition and action recommendations to help them achieve their health goals.
So how does it work? Customers can order the tests at home, perform them at home and send the samples by post. The samples are then analysed in a lab and the results are presented on an individual Lykon profile with clear certified nutritional recommendations.
Lykon founder and CEO Tobias Teuber said: “We are advancing our mission to build the leading ecosystem for personalised nutrition worldwide. We will use the capital raised to further increase the user-friendliness of our products and to develop new markets and target groups.”