Planted secures 19 million Swiss francs

Planted Foods has once more impressed investors with its plant-based meat products. As was reported in a press release, the company was able to raise 19 million francs in a pre-Series B financing round. Investors included Vorwerk Ventures, Gullspång, Re:food, Movendo Capital, Good Seed Ventures, Joyance and ACE & Company. The funding round was complemented through additional growth funding provided by Credit Suisse.

Planted, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), creates alternative meat products from plant-based ingredients, especially peas. These are sold via retailers across Switzerland and Austria, France and Germany. It also sells directly to consumers online. The company will use the capital for its international expansion and to enter several new markets this year.

It will also scale up the development of new products. The company is currently in the testing phase of its first whole-cut product and expects to launch it towards the end of this year. The development of the structuring and fermentation platform is progressing rapidly.

“We’re excited to further strengthen our international footprint with the current funding, expanding our product range and extend our network of partners that share our passion for making a positive impact on this planet,” commented Co-Founder of Planted, Pascal Bieri.

Planted was founded in 2019 and is based in Kemptthal, in the Greater Zurich Area. The company previously closed a Series A round in March 2021, in which it raised 17 million francs.