Planet A Foods

Planet A Foods is a German startup founded in 2021, focusing on producing sustainable and delicious food products, with a current emphasis on creating 100% cocoa-free chocolate. The company's mission is to address the environmental impact of chocolate production, which is currently in jeopardy due to the threatened supply of cocoa. Planet A Foods utilizes precision fermentation to create their future-proof chocolate, which is not only 10 times more sustainable but also 20% cheaper than traditional chocolate. To maintain the desirable taste and texture of chocolate, the company is working on perfecting the flavor and substitute for cocoa butter. With the annual consumption of 55 million pounds of chocolate, Planet A Foods aims to significantly impact the market by 2035.

The recent $30.00M Series B investment in the company, secured on 06 December 2024, was led by prominent investors including Cherry Ventures, Bayern Kapital, Omnes Capital, Burda Principal Investments, Tengelmann Ventures, World Fund, Zintinus, and AgriFoodTech Venture Alliance. This significant financial support signifies the growing confidence in Planet A Foods' innovative approach and potential to revolutionize the food and beverage industry, particularly in the sphere of sustainability.