MINNETONKA, Minn. — Nu-Tek Salt, LLC announced today that Khosla Ventures has made a significant investment in Nu-Tek Salt, adding a major partnership and equity position to the company. This investment will be used to increase infrastructure and overall capacity and accommodate growing client and market needs. The increase in production of Nu-Tek Salt’s improved potassium chloride solution is being made to meet the demand of food companies searching for unprecedented reduction in sodium levels.
“This great partnership with Khosla Ventures will allow us to expand our capacity for our current customers and take advantage of the growing sodium-reduction market,” said Tom Manuel, chief executive officer of Nu-Tek Salt. “With our improved potassium chloride technology, we are able to provide unmatched lower-sodium alternatives to our customers in a cost-effective manner while maintaining the taste, flavor and functionality historically seen in processed foods.”
“We are excited to partner with Nu-Tek Salt and the opportunities that their unique, patented sodium-reduction technology will be able to bring to this rapidly growing industry,” added Vinod Khosla, partner at Khosla Ventures.
About Nu-Tek Salt, LLC
Headquartered in Minnetonka, Minn., Nu-Tek Salt, LLC offers an improved potassium chloride product to meet the growing demand for reduced sodium in the food industry. With a strict focus on sodium-reduction products, Nu-Tek Salt is positioned to partner with food companies to take advantage of consumers need for lower-sodium products. The company’s patented, one-to-one solution specializes in processed meat, bakery and dairy applications while offering food companies a healthier product for consumers, without changing functionality or taste. For more information, please visit http://www.nu-teksalt.com.
About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough scientific work in clean technology areas such as biorefineries for energy and bioplastics, solar, energy storage, agriculture, food and other cutting edge technologies as well as traditional venture areas like the Internet, computing, mobile and silicon technology arenas. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, Calif. More information is available at www.khoslaventures.com.
Source: Nu-Tek Salt, LLC
