Planetarians Raises $6M to Upscale Vegan Meat From Upcycled Ingredients
B2B plant-based foods company Planetarians has raised $6 million in a Seed II investment round to produce at a commercial scale its vegan meat blocks and supply the food service industry. The food technology company has invested seven years in R&D to develop a sustainable, low cost alternative to meat made only from two upcycled ingredients: oil cakes and brewer’s yeast. The raised funds will be used to build a pilot facility capable of producing tons of vegan blocks per year and move to a commercial production phase. Mindrock led the investment round, joined by Traction Fund, Techstars, SOSV, and AB InBev, the company behind some of the world’s largest beer brands and Planetarians brewers’ yeast supplier, committed to recycling barley and yeast from its brewing …
