DUG Foodtech
DUG Foodtech was a Swedish plant-based food technology company that produced and sold nutritious, allergen-free plant-based drinks using a patented formulation. The company, founded in 2016 and declared bankrupt in December 2025, served retail consumers in the global plant-based food market.
- Company typePublic
- Founded2016
- HeadquartersMalmö, Sweden
- Headcount1–10
- GTM typeB2C
- OfferingHardware or Manufacturing
What DUG Foodtech does
DUG Foodtech AB was a Sweden-based plant-based food technology company headquartered in Malmö that developed and sold plant-based drinks positioned as nutritious, filling, allergen-free alternatives. Its core asset was a patented plant-based food technology, though specific technical details of the formulation or process are not disclosed in the available sources. The company was founded in 2016 by Eva Tornberg and at some point listed its shares on Nasdaq First North, with trading also referenced under the Frankfurt ticker VOH. Headcount remained minimal at 1–10 employees, and no distribution, pricing, or customer-segment details are disclosed.
The company raised an aggregate of approximately $20.9 million across six identifiable rounds between 2019 and 2025, with disclosed or inferred investors including LU Innovation, Svarta Tornet Invest, Drivator Equity, and Råsunda Förvaltning. The largest single round was the $17.8 million raise in August 2023, followed by much smaller bridge-style rounds in 2024 and November 2025 that read as distress capital. Despite operating in the global plant-based food market estimated at USD 100 billion, DUG Foodtech never built visible commercial traction at scale.
On 19 December 2025, DUG Foodtech AB was declared bankrupt by the Lund District Court, with Ann-Christine Halén at Ackordscentralen Syd AB appointed as bankruptcy trustee. The company's assets, including its patented plant-based food technology and business operations, were placed for sale through a tender procedure with a submission deadline of 22 January 2026. Leadership at the time of insolvency comprised CEO Cecilia Lindwall, founder Eva Tornberg, and CFO Emma Källqvist.
DUG Foodtech firmographics
Firmographics- Name
- DUG Foodtech
- Legal name
- DUG Foodtech AB
- Website
- https://dugdrinks.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Closed
- Headcount range
- 1–10 employees
- Short description
- DUG Foodtech was a Swedish plant-based food technology company that produced and sold nutritious, allergen-free plant-based drinks using a patented formulation. The company, founded in 2016 and declared bankrupt in December 2025, served retail consumers in the global plant-based food market.
- Ownership category
- akta.pro rank
DUG Foodtech industry classification
Industry- Product category
- Plant-Based Beverages
- SIC
- Food And Kindred Products (2000)
- akta.pro primary industry
- Protein & Meal-Replacement Beverage Production (RTD Shakes) (AFAFAFAD)
- akta.pro secondary industry
- Plant-Based & Alternative Proteins (Packaged) (CRADAAAH)
Keywords
Where DUG Foodtech is headquartered
LocationHeadquarters
- HQ city
- Malmö
- HQ country
- Sweden
- HQ region
- Europe
Markets served
DUG Foodtech business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
DUG Foodtech product offering
Product offeringCore offering
DUG Foodtech produces and sells nutritious, filling, allergen-free and great-tasting plant-based drinks for health-conscious consumers. The products are built on a proprietary patented plant-based food technology, positioning the company within the global plant-based food market.
Product overview
DUG Foodtech was a plant-based food technology company operating in the global plant-based food market (valued at USD 100 billion). The company's primary offering was its patented plant-based food technology. Following bankruptcy declaration on December 19, 2025, the company's assets including this technology and business operations were being offered for sale through a tender procedure with deadline January 22, 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- DUG Plant-Based Drinks Nutritious, filling, allergen-free and great-tasting plant-based drinks produced under the DUG brand using patented plant-based food technology, intended for health-conscious individual consumers.
Companies that use DUG Foodtech
Customer profileIdeal customer profiles1 record
DUG Foodtech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DUG Foodtech partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights1 record
DUG Foodtech competitors and assessment
Company assessmentMarket position
Competitive moat1 record
Key risks5 records
Key highlights4 records
Customer concentration
DUG Foodtech social profiles
Digital presenceDUG Foodtech financial estimates
Financial estimateRevenue estimate
Valuation estimate
DUG Foodtech leadership team
Management profileNumber of profiles
Profiles3 records
DUG Foodtech funding detail
Funding detailFunding overview
Funding rounds6 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DUG Foodtech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DUG Foodtech
What does DUG Foodtech do?
DUG Foodtech produces and sells nutritious, filling, allergen-free and great-tasting plant-based drinks for health-conscious consumers. The products are built on a proprietary patented plant-based food technology, positioning the company within the global plant-based food market.
Is DUG Foodtech a public or private company?
DUG Foodtech is a public company. It is classified as public and is currently closed.
When was DUG Foodtech founded?
DUG Foodtech was founded in 2016. It employs 1 to 10 people.
Where is DUG Foodtech based?
DUG Foodtech is headquartered in Malmö, Sweden, in the Europe region.
Does DUG Foodtech have an API?
No public API is recorded for DUG Foodtech.
What industry is DUG Foodtech in?
DUG Foodtech's product category is Plant-Based Beverages. Its primary akta.pro industry code is AFAFAFAD, Protein & Meal-Replacement Beverage Production (RTD Shakes), with a secondary code of CRADAAAH, Plant-Based & Alternative Proteins (Packaged). Its SIC code is 2000.