Hershey's and American Sugar Refining Invest in Bonumose

Investments will accelerate commercial production and distribution of plant-based sugar alternatives Tagatose and Allulose

North Fork based startup Bonumose, Inc., announced the closing of Series B investments co-led by The Hershey Company (NYSE: HSY) and American Sugar Refining, Inc. (ASR) today.

Bonumose is an early-stage food ingredient and enzyme innovation company that developed and patented the methods for continuous production of high-purity rare sugars – such as tagatose and allulose – from low-cost, plant-based feedstocks.

The investments will allow Hershey and ASR (owner of Domino® sugar brand, among others) to expand zero- and reduced-sugar chocolates, sweeteners, and snack offerings.

Bonumose’s investors also include Bangchak, iSelect Fund, Argonautic Ventures, Applied Food Sciences, Cure8 Ventures, Next Gen Nutrition Investment Fund, and a Japan-based food company.

"Bonumose could not hope for two better strategic investors than The Hershey Company and ASR Group."

Ed Rogers
Bonumose CEO and Co-Founder

Bonumose is currently hiring talented individuals for several open positions. If you are interested in helping make healthy sugar affordable for more people, please inquire at careers@bonumose.com.