Planted Closes CHF 70M Series B Financing Round
- Planted, 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 company will use the funds to launch its new whole-cut line of products including its chicken breast, further its international expansion, and increase production capacity
- The company, the ETH Zurich spin-off, produces meat from alternative proteins such as peas, oats, and sunflowers
- 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
- The company is also preparing to enter several new European markets in 2023
