Swiss Foodtech Startup Planted, known for its clean-label biostructured meat, has closed a series B financing round of CHF70 million led by L Catterton, a global consumer-focused private equity firm.
L Catterton was joined by existing investors such as Vorwerk Ventures, re:food, Movendo, Be8 Ventures, ACE, ETH Foundation, Yann Sommer, as well as new investor Tengelmann Ventures in the round.
Planted 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, Planted, an ETH Zurich spin-off, produces ‘meat’ from alternative proteins such as peas, oats, and sunflowers.
