ByHeart Company Research Report

Company Overview

Name and Mission of the Company

• Name: ByHeart

• Mission: To create the best formula on earth, believing that formula is the most important food for the most important people and building the company to deliver on that belief in every way.

Founding

• Founded By: Ron Belldegrun and Mia Funt

• Founded In: September 2016

• Motivation: The realization that the infant formula industry was not keeping pace with the fast-moving breast milk research and was dominated by a few companies.

Key People

• Ron Belldegrun and Mia Funt: Co-founders

• Denice Torres: Member of the Board of Directors

• Amy Schulman: Chair of the Board of Directors

Headquarters

• Location: Reading, Pennsylvania, USA

Number of Employees

• Number: No information is available

Revenue

• Revenue: No information is available

Known For

• Specialty: Creating a US-made infant formula with a patented protein blend closest to breast milk, using organic, grass-fed whole milk, with rigorous quality and safety standards.

Products

Whole Nutrition Infant Formula

Description

• Product: Whole Nutrition Infant Formula

• Type: Infant formula

• Uniqueness: Uses a patented protein blend that closely resembles breast milk.

Key Features

• Protein Blend: Combines alpha-lactalbumin and lactoferrin to mimic breast milk's properties.

• Dietary Considerations: Free of corn syrup, gluten, GMO, maltodextrin, soy, hexane-extracted DHA, artificial growth hormones, and palm oil.

• Nutrition Benefits:

• Gentle on digestion

• Enhances nutrient absorption

• Promotes brain and eye development, immune and gut health

• Certifications: First infant formula to receive the Clean Label Project's highest tier Purity Award.

Recent Developments

Innovations and Product Launches

• Clinical Trials: Conducted the largest clinical trial by a new infant formula brand in 25 years.

• FDA Registration: Achieved FDA registration for the Reading, Pennsylvania facility, becoming the first new US infant formula manufacturer in over 15 years.

Features and Partnership Developments

• New Financing: Secured $95M in new financing to further the commitment to transform the infant formula industry.

• Retail Expansion: Expanded retail presence into Walmart, Whole Foods Market, and Wegmans, increasing availability over 200%.

• Certifications: Became the first and only US-made infant formula to achieve Clean Label Project's "First 1000 Day Promise Certification."

Partnerships

• Collaborations: Partnered with Baby2Baby for the OpenHearted Initiative, contributing to food security for infants by aiming for 5 million feeds by 2028.

• Supply Chain: Built end-to-end manufacturing facilities in Pennsylvania, Iowa, and Oregon, with a global network of trusted suppliers.

In conclusion, ByHeart is a pioneering company dedicated to producing high-quality, nutritious infant formula that closely resembles breast milk, supported by robust scientific research, extensive clinical trials, and a firm commitment to sustainability and quality standards.