Frontier Nutrition, a company manufacturing and marketing affordable fortified snacks in Bangladesh, has announced a $6 million Series B financing led by Adjuvant Capital, a life sciences fund backed by the Bill & Melinda Gates Foundation, the International Finance Corporation, and other prominent global health investors with a mission to finance technologies and products addressing high-burden public health challenges. Proceeds from the financing will be used to bring the manufacturing of several products in-house, launch a sales and marketing campaign to raise awareness of the consumer brand Hashi Khushi and develop new products that can be used in research studies and international humanitarian efforts. Concurrent with the financing, Michael Chang, principal at Adjuvant Capital, will join Frontier Nutrition’s Board of Directors.
DSM is a global purpose-led, science-based company specializing in Nutrition, Health, and Sustainable Living. Our purpose is to create brighter lives for all. They are the world’s leading supplier of nutritional ingredients for food and beverage, dietary supplements, early life nutrition, medical nutrition, and nutrition improvement industries.
Startup Bangladesh Limited is the flagship venture capital fund of the ICT Division. Care Nutrition Limited was one of the top 50 startups funded by Startup Bangladesh under its "Shotoborshe shoto asha" project. CNL got the highest cap funding under the project with the aim of providing nutritious and delicious snacks to the households of Bangladesh.