Allergy Amulet, the company building a better future for the food allergy community by alleviating fears about what’s in their food, today announces additional Seed funding, bringing its total amount raised in the round to $4.1 million. The Seed extension includes investments from AllerFund, the first venture capital firm dedicated to driving social impact for those managing food allergies, and Lightship Capital, the largest-ever VC fund raised by a Black female in the U.S. that invests in people of color, women, members of the LGBTQIAP community, immigrants, and people with disabilities. Allergy Amulet has developed the world’s smallest and fastest consumer food allergen sensor, capable of testing foods for common allergenic ingredients in seconds. Its sleek and portable design makes its proprietary sensor technology easy for anyone to use.
Just last year, Allergy Amulet raised its initial Seed round led by a joint venture between Microsoft and the Green Bay Packers. The additional capital will allow Allergy Amulet to accelerate manufacturing, expand product offerings to cover more allergens, grow the company’s world-class team, and educate consumers about the benefits of additional food allergen management tools.
“Food allergy and food-related diseases have become an epidemic. It is increasingly important that we support entrepreneurs and businesses building promising technologies to meet the needs of those living with food allergies,” said Lisa Strovink, Managing Partner of AllerFund. “The combination of Allergy Amulet’s ease of use and accuracy holds great potential for community impact. We believe its technology will improve the quality of life for so many people with food allergies around the world.”
Food allergies affect 32 million Americans and between 220 to 520 million people globally—that’s one in 13 children and one in 10 adults. Moreover, one in four Americans—85 million people—avoid buying food products that contain the top nine allergens: peanuts, tree nuts, fish, shellfish, wheat, eggs, milk, soy, and sesame.