HK foodtech startup Allklear raises $1.3m in pre-Series A funding

Allklear, a Hong Kong-based startup that combines nature and technology, announced raising HK$10 million (about $1.3 million) in its pre-Series A funding round that valued the company at nearly HK$100 million.

The said round was led by Shanghai and Kuala Lumpur-based venture capital investor Gobi Partners. Private Investor Miss Hong Kong 2020 Lisa-Marie Tse, Chartwell Ventures Limited, Vectr Ventures, and Novel Tycoon also participated in the funding round.

The startup said the funding reflects the tremendous potential investors see in Future Salad, and will be used to strengthen the company’s foundation in Hong Kong, develop new products, and speed up its entry into the vibrant mainland Chinese and international markets, with the goal to improving people’s health and promoting green living and vegan diet.

Allklear was founded in Hong Kong in December 2018 by a group of young entrepreneurs with a passion for sports, healthy lifestyles, and environmental sustainability.

Combining pioneering aerospace technology and all-natural ingredients, the startup’s signature Detox Future Salad is created with freeze-drying food technology, a technology used to manufacture aerospace foods. It contains extracts from 12 natural ingredients and provides 25 essential nutrients including vitamins B, C, E and K, calcium, iron, zinc, magnesium, copper, amino acids, and dietary fibers, blended in golden ratio.

One sachet of Detox Future Salad offers dietary fiber and nutritional value equivalent to five bowls of traditional (perhaps specify the kind of salad) salad, offering a potential solution to counter imbalanced diet, weight issues, and digestive problems.

Allklear is now operating with 50 team members in Hong Kong, Taiwan, and mainland China. It has achieved breakeven shortly after the company’s inception two years ago.

In the coming year, the firm said it will speed up its entry into the international market, expecting to reach over HK$1 billion revenue and list in Hong Kong Stock Exchange within four years.

“Dedicated to sustainable development and a greener environment, Allklear will continue to develop more future foods combining nature and technology to preserve resources and reduce food wastes,” said Angus Au Hiu Fung, the company’s chief marketing officer.