Plantible Foods, a San Diego, CA-based technology company leveraging plants to promote the health and longevity of people and the planet, closed a $30m Series B funding round.
The round was co-led by Piva Capital and Siddhi Capital, with participation from new investors Betagro Ventures, Cultivate Next (the venture arm of Chipotle Mexican Grill), Nourish Ventures (the venture arm of Griffith Foods), and existing investor Astanor Ventures.
Founded in 2018 by Tony Martens Fekini and Maurits van de Ven, Plantible is a global food supply chain company that has developed a proprietary and vertically integrated agricultural manufacturing platform to produce Rubi Protein, a functional protein derived from Lemna (commonly known as duckweed).
Plantible’s Rubi Protein outperforms the functional and nutritional properties of traditional proteins (both animal and plant) enabling food companies to innovate while optimizing costs and delivering products with improved taste, texture, health and environmental footprint.
This investment will enable Plantible to expand its manufacturing operations at its first commercial plant, aka “The Ranchito,” a 100-acre facility located in West Texas.
