Planetarians is a startup aiming to revolutionize the food industry with its innovative approach. The company's mission, encapsulated in the slogan "By making carbon-negative body-positive vegan meat, we extend life on the planet," underscores its commitment to sustainability and health. Founded in 2017 and headquartered in the United States, Planetarians has garnered significant attention, culminating in a $6.00M Seed Round investment on 16 February 2023 from a consortium of notable investors including SOSV, Techstars, Mindrock Capital, Traction Fund, ZX Ventures, and Anheuser-Busch InBev.
The company's disruptive approach involves transforming unavoidable sidestreams of the food and beverage industries into a clean, nutritious, and delicious source of protein. Their patented technology aims to offer a sustainable solution to food security while being 10 times cheaper than beef alternatives.
Planetarians has strategically aligned itself with key industry players, such as AB InBev and Clextral, to ensure scalability and widespread adoption of their innovative protein products.
Moreover, their focus on utilizing spent yeast and spent beans to create a protein-rich formula, coupled with a simplified texturization process, signals their commitment to efficiency and cost-effectiveness in production. The positive reception of their products, with a 72% acceptance rate in US schools, underscores not only consumer demand but also the business's potential for profitability.
Overall, Planetarians presents a compelling investment opportunity within the Food and Beverage and Nutrition industries, offering a unique and sustainable solution to the growing global demand for alternative protein sources.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | $6.00M | 6 | Anheuser-Busch InBev | 16 Feb 2023 |
Convertible Note | Unknown | 2 | 04 May 2022 | |
Seed Round | Unknown | 2 | 30 Dec 2021 | |
Convertible Note | Unknown | 2 | 17 Dec 2019 | |
Grant | $50.00K | 1 | 04 Nov 2019 |
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