Planted Closes CHF 70M Series B Financing Round

Plants, a Kemptthal, Switzerland-based foodtech startup known for its clean-label biostructured meat, closed its series B financing round of CHF 70m.

The round was led by LCatterton with participation from Vorwerk Ventures, re:food, Movendo, Be8 Ventures, ACE, ETH Foundation, Yann Sommer, as well as new investor Tengelmann Ventures.

The funds will be used by the company to launch its new line of whole-cut products, including its chicken breast, expand its international reach, and increase its production capacity.

Founded in July 2019 by Christoph Jenny, Planted, the ETH Zurich spin-off, produces meat from alternative proteins such as peas, oats, and sunflowers. Using a novel biostructuring approach combines protein structuring and fermentation, the company makes planted.™chicken, planted.™pulled, planted.™kebab and planted.™schnitzel. They produce all its products under a glass-house production facility in Kemptthal, Switzerland.

The products are available at restaurants and retailers across Switzerland, Germany, Austria, France, Italy, and recently, the UK, as well as over its own Europewide webshop. In 2023, the company plans to expand its presence in several European markets.  

FinSMEs

02/09/2022

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