What is Amulet?
Founded in 2016 and headquartered in Madison, Wisconsin, Amulet is dedicated to illuminating unseen dangers in the food supply chain. The company operates through two primary divisions: Allergy Amulet, which offers a wearable device designed to alert individuals to allergens in their food, and Amulet Scientific, providing food manufacturers with advanced technology for identifying and targeting toxins and contaminants. This dual approach positions Amulet as a comprehensive solution provider for both consumer-facing allergen awareness and industrial-level food safety.
How much funding has Amulet raised?
Amulet has raised a total of $6.8M across 2 funding rounds:
Series A
$6M
Debt
$758K
Series A (2024): $6M with participation from HealthX Ventures, Great Oaks Venture Capital, and Incite Ventures
Debt (2026): $758K, investors not publicly disclosed
Key Investors in Amulet
HealthX Ventures
HealthX Ventures is a venture capital firm based in Madison, WI, specializing in digital health solutions. They invest in companies aiming to make healthcare more accessible and efficient, providing operational support and industry knowledge to their portfolio companies.
Great Oaks Venture Capital
Great Oaks Venture Capital is an early-stage investment firm that supports founders across Pre-Seed, Seed, and Series A rounds. They focus on transformative companies in sectors including software, healthcare, and enterprise solutions, offering capital and hands-on support.
Incite Ventures
Incite Ventures is an investment fund firm based in Burlingame, California, that provides support to mission-driven enterprises through strategic investments.
What's next for Amulet?
The recent major strategic investment, alongside the overall enterprise-level funding, signals a critical growth phase for Amulet. This capital is likely to be deployed towards expanding Amulet Scientific's technological capabilities, enhancing the reach of Allergy Amulet's consumer product, and potentially broadening its market penetration into new geographical regions or food industry sectors. The company's focus on critical food safety issues positions it for substantial impact and further investment as regulatory and consumer demand for safer food practices intensifies.
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