3 Mins Read
Copenhagen-based startup True Gum has recently closed a €1 million (US$1.2 million) funding round, which will go towards further product development and expanding its distribution across international markets. True Gum’s flagship product is a plastic-free and plant-based chewing gum that is fully biodegradable and sugar-free.
The financing was led by German venture capital fund Oyster Bay, a fund that specialises in consumer food products and led by Hamburg-based angel investor Christoph Miller. True Gum will be using the capital injection to ramp up product development and expand its marketing and distribution internationally, starting with Germany.