Plantible Foods

ICL X plantible

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Investments & Acquisitions

ICL Increases Investment in Plantible Foods, Strengthening Partnership on Innovative Protein Ingredients

ICL, a global leader in specialty minerals, has announced an additional investment in Plantible Foods as part of the company’s ongoing Series B funding round. This investment builds on ICL’s initial involvement in Plantible’s Series A, further strengthening their strategic collaboration. The follow-up investment is part of ICL’s broader strategy to support the growth of Plantible Foods, a company specializing in plant-based protein technology leveraging Lemna, also known as duckweed. The partnership between the two companies has gained momentum following the launch of Rovitaris Binding Solution in October 2023, an innovative ingredient powered by Rubi Protein, a plant-based protein derived from lemna, which was developed by Plantible. Rovitaris was recently recognized for its innovation at the SupplySide West (SSW) conference in November 2024, where it …

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Investments & Finance

Duckweed Protein Developer Plantible Raises $30M to Scale Operations Amid ‘Insatiable’ Demand for Functional Ingredients

San Diego-based Plantible Foods, a vertically integrated startup extracting the protein RuBisCo from the leafy green aquatic plant called lemna (duckweed), has raised $30 million in a Series B funding round co-led by Piva Capital and Siddhi Capital. New investors, including Betagro Ventures, Cultivate Next (Chipotle Mexican Grill’s venture arm), and Nourish Ventures (from Griffith Foods), backed the startup and existing investor Astanor Ventures. With the new capital, Plantible will expand its manufacturing operations to meet the “insatiable” demand for its sustainable and highly functional proteins for use in plant-based alternatives, baked goods, gluten-free products, pasta, and other applications. Founder and CEO Tony Martens Fekini commented, “This funding will enable us to significantly expand our manufacturing capabilities and meet the rapidly growing demand for our …

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Ingredients

Plantible and ICL Unveil “Revolutionary” Clean-Label Alternative to Methylcellulose Made with Duckweed

US duckweed ingredients company Plantible Foods and ICL Food Specialties, a leading manufacturer of functional ingredients, have introduced ROVITARIS, a “revolutionary” clean label binding solution for plant-based meat and seafood applications.  ROVITARIS is described as a functional protein system designed to replace chemically processed binders, such as methylcellulose, without compromising the taste and texture of foods. Moreover, it makes plant-based meat products “taste better and perform more authentically,” says Plantible. The new ingredient features RuBisCO, a protein that Plantible extracts from the aquatic plant Lemna (duckweed) commercialized as the Rubi Protein. It contains all nine essential amino acids and can mimic the functions of animal proteins, including emulsifying and binding. The Rubi Protein is also neutral in color, odor, and flavor.  “Plant-based protein formulators have been searching for a …

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