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.
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. The company is also preparing to enter several new European markets in 2023.