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 …
