The company will use the funds to scale their technologies and expand its footprint by licensing innovative food and beverage solutions. True Essence Foods has developed two platform technologies, covered by 15 issued patents and 70 patent applications in process, with applications across a vast range of food and beverage products. The company is currently engaged with more than 35 industrial customers in categories including dried spices, spirits, wine, juice concentrates, cannabis, chocolate and more.
“We are actively seeking new opportunities to partner with growing companies with strong revenue profiles within our targeted verticals”.
AFM Capital Partners, Inc. is a private investment firm focused on control investments in middle market companies. AFM provides capital, financial experience and deep operating expertise to middle market companies with talented management teams to achieve their growth and market potential. As a team of seasoned investors and experienced operators with an entrepreneurial spirit, AFM invests in businesses in the industrial, consumer goods, business services, and technology sectors. For more information on AFM Capital Partners, please visit www.afmcap.com.