Hefei H2O Technology recently completed a seed funding round of RMB several million yuan (USD ~$1 million). The funds raised in this round will primarily be used for the research and development, as well as marketing efforts of their brand “Chunfei Probiotics”. In the context of the hangover remedy market, their product Chunfei Hangover Relief Probiotic YLA1 has shown over 35 times higher enzyme activity for alcohol metabolism than conventional strains, and it has the capability for large-scale industrial production. The main target customers for this product are “businesspeople and officials in the rising phase of their careers”. Additionally, the company is currently working on developing another probiotic product for uric acid reduction and plans to apply for relevant patents by the first half of 2024. (Source: FoodTalks)
Visit HPA-China’s Information Hub, CLICK HERE