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Nutmeg was founded in 2011 by Nick Hungerford (1980–2023) and William Todd. In 2019, The Economist described Nutmeg as a "hit fintech startup" and as being a client of Carta, a firm that keeps track of the stakes in companies. [6] Martin Stead left the company in 2019, following a loss of £18.6 million. Nutmeg has yet to make a profit. [7]
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Nutmeg is the spice made by grinding the seed of the fragrant nutmeg tree (Myristica fragrans) into powder.The spice has a distinctive pungent fragrance and a warm, slightly sweet taste; it is used to flavor many kinds of baked goods, confections, puddings, potatoes, meats, sausages, sauces, vegetables, and such beverages as eggnog.
Myristica fragrans, commonly known as the nutmeg tree, is an evergreen species indigenous to the Maluku Islands of Indonesia. This aromatic tree is economically significant as the primary source of two distinct spices: nutmeg , derived from its seed, and mace , obtained from the seed's aril .
The isolation of trimyristin from powdered nutmeg is a common introductory-level college organic chemistry experiment. [8] [9] It is an uncommonly simple natural product extraction because nutmeg oil generally consists of over eighty percent trimyristin. Trimyristin makes up between 20-25% of the overall mass of dried, ground nutmeg.
The common nutmeg, Cancellaria reticulata, is a species of medium-sized to large sea snail, a marine gastropod mollusk in the family Cancellariidae, the nutmeg snails. [ 1 ] Distribution
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