Breaking
REBRAND: DouxMatok becomes Incredo  •  $30M Series C led by dsm-firmenich Venturing & Sienna VC  •  30-50% less sugar, same taste  •  PARTNER: Joint development agreement with Ferrero  •  CLEAN LABEL: still lists as sugar  •  AS SEEN ON: Netflix ‘Explained’ + Time Best Inventions  •  REBRAND: DouxMatok becomes Incredo  •  $30M Series C led by dsm-firmenich Venturing & Sienna VC  •  30-50% less sugar, same taste  •  PARTNER: Joint development agreement with Ferrero  •  CLEAN LABEL: still lists as sugar  •  AS SEEN ON: Netflix ‘Explained’ + Time Best Inventions  • 
The Ingredient Report Foodtech • Sugar Science
Company Profile

Making Real Sugar Go Twice As Far

Incredo cuts sugar by 30-50% in the foods you already eat - without artificial sweeteners, and while still writing “sugar” on the label.

Incredo Sugar brand image - 'The Real Happy Sugar' by DouxMatok, surrounded by cookies, chocolate and gummies
INCREDO SUGAR. The company's brand image casts its ingredient against the sweets it aims to reformulate - cookies, chocolate, spreads and gummies. The old DouxMatok name still lingers in the corner.
50
Employees
$30M
Series C (2023)
30-50%
Sugar Reduction
2014
Founded
The Story

The company trying to take the sugar out of sugar

For most of the food industry, cutting sugar has meant a trade-off. Swap in stevia or monk fruit and you fight an aftertaste. Reach for sugar alcohols and you change the texture - and sometimes upset the stomach. Add bulking agents and fibers and the label grows a paragraph of ingredients few shoppers recognize. Incredo, the Israeli foodtech company formerly known as DouxMatok, built its business on a different premise: don't replace sugar. Make it work harder.

The idea is disarmingly simple to state and hard to engineer. When you eat something sweet, most of the sugar never touches a taste receptor - it dissolves, passes through, and is swallowed. Incredo's patented process binds real cane or beet sugar to a trace amount of a natural carrier so that more of the sugar reaches the tongue's receptors more efficiently. The result, the company says, is that a manufacturer can remove 30 to 50 percent of the sugar in a recipe while keeping the taste, mouthfeel and texture that make a cookie feel like a cookie.

Because the product is still sugar, it can be listed on the ingredient statement as sugar. That single fact is the company's sharpest edge. In a market where “clean label” has become a purchasing requirement for major brands, a reduction technology that does not add an unfamiliar sweetener - and does not require an asterisk - is unusually easy to adopt.

The science has roots deeper than the startup. The core patent traces to Avraham Baniel, a chemist with decades of industrial research behind him, who co-founded the company with his son Eran Baniel in 2014. The company spent its early years proving the chemistry, then turned toward the far harder work of getting the ingredient into real products on real production lines.

That commercial push is where Incredo lives today. In 2021 it named Ari Melamud - an executive with a background in consumer marketing and B2B specialty ingredients - as chief executive to accelerate US commercialization. In May 2023 the company retired the DouxMatok name, rebranded to Incredo, and closed a $30 million Series C to fund the scale-up.

We work with sugar rather than replacing it - preserving sugar's sensory and functional roles while making room for better nutrition.
- Incredo, on its approach
How It Works

Same sweetness, less sugar

1

Bind

Real cane or beet sugar is bound to a trace amount of a natural carrier - no artificial sweetener added.

2

Deliver

The restructured sugar dissolves and reaches the tongue's sweet receptors far more efficiently.

3

Reduce

Manufacturers use 30-50% less sugar while keeping taste, mouthfeel and a clean label.

Illustrative sugar reduction by application
Chocolate & spreads
up to 50%
Soft bakery
~45%
Biscuits
~40%
Gummies
~35%

Figures are approximate and illustrative; actual reduction depends on the application.

Products & Market

What you can build with it

Flagship Ingredient

Incredo Sugar

A sugar-based ingredient that lets brands cut sugar 30-50% with no artificial sweeteners, no sugar alcohols and no E-numbers - still labeled as sugar.

Services

Application & R&D Support

Formulation help for reformulating chocolates, spreads and nut butters, soft bakery, crunchy biscuits and gummies - the categories where the tech performs best.

Go-To-Market

B2B, Through Distributors

Sold to manufacturers directly and via ingredient distributors such as Batory Foods, plus joint development work with brand partners.

Positioning

The Cost-Effective Cut

Incredo has positioned itself as among the cheapest sugar-reduction options on the market - a claim aimed squarely at big food's margins.

Who uses Incredo

  • Confectionery & chocolate makers reformulating sweets
  • Bakery & biscuit manufacturers
  • Spread & nut-butter brands
  • Snack-bar makers - e.g. PANGAIA Health Super Super Bars
  • Distributors like Batory Foods serving US manufacturers

How it stands apart

  • Keeps real sugar instead of substituting it
  • Clean label - no aftertaste, no sugar alcohols
  • Preserves texture and mouthfeel, not just sweetness
  • Pitched as a lower-cost reduction route
  • Competes with stevia, monk fruit, allulose and erythritol
Timeline

From lab bench to ingredient list

14
2014

DouxMatok is founded

Eran Baniel and his father, chemist Avraham Baniel, launch the company around a patented approach to sugar efficiency.

19
2019

Incredo Sugar takes shape

The patented ingredient advances toward commercial applications in bakery and confectionery.

20
2020

Mainstream recognition

A Time Best Inventions mention and a feature on Netflix's “Explained” sugar episode.

21
2021

Ari Melamud named CEO

Melamud takes over from Eran Baniel, who becomes executive chairman, to accelerate US commercialization.

22
2022

Products reach shelves

Incredo Sugar appears in products such as PANGAIA Health bars and chocolate spreads for US consumers.

23
2023

Rebrand and $30M Series C

DouxMatok becomes Incredo, raises $30M, and signs a Ferrero joint development agreement plus Batory and Blommer deals.

24
2024

Scaling US reformulation

Hundreds of active US projects reported, expected to mature with larger volumes into 2025.

The Money

A $30M bet on scale

The 2023 Series C was led by dsm-firmenich Venturing and Sienna Venture Capital, with support from existing investors Pitango and BlueRed Partners. Among the new backers was Teseo Capital, a private investment vehicle related to Ferrero - the company clarified that the Ferrero Group itself was not a participating investor, even as the two signed a joint development agreement to build products with the sweetener.

The round brought Incredo's reported total funding to roughly $60 million. The cash is aimed at a specific bottleneck: turning a proven ingredient into supplied volume. That means expanding R&D and commercialization across the US, Europe and Israel, and standing up the distribution relationships - Batory Foods, Blommer Chocolate - that put the ingredient within reach of North American manufacturers.

We're the cheapest sugar reduction solution on the market.
- Incredo, on its Series C positioning
Watch

Interviews & demos

Links open YouTube search results; official channel not confirmed.

Questions

Frequently asked

What does Incredo do?
Incredo makes a patented ingredient, Incredo Sugar, that lets food manufacturers cut sugar by 30-50% while keeping the taste, mouthfeel and texture of real sugar.
Is Incredo Sugar an artificial sweetener?
No. It's real cane or beet sugar bound to a trace natural carrier, with no artificial sweeteners or sugar alcohols, so it can still be labeled as sugar.
Was Incredo previously called something else?
Yes. The company was founded as DouxMatok in 2014 and rebranded to Incredo in 2023 alongside a $30M Series C.
Who uses Incredo Sugar?
Food and beverage manufacturers - especially in chocolate, bakery, spreads and gummies - reach it directly or through distributors like Batory Foods; partners include Blommer Chocolate and PANGAIA Health.
How much funding has Incredo raised?
It closed a $30M Series C in 2023 (led by dsm-firmenich Venturing and Sienna Venture Capital) on top of earlier rounds, for a reported total of roughly $60M+.

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