Plantish, a Rehovot, Israel-based alternative seafood maker, raised $12.45M in Seed funding.
The round was led by State Of Mind Ventures, with participation from Pitango Health Tech, Unovis Capital, TechAviv Founder Partners, SmartAgro, E2JDJ, Alumni Ventures, and OurCrowd.
The company intends to use the funds to build out the team and conduct further R&D to accelerate product development.
Led by CEO Ofek Ron, Plantish uses plant proteins to create plant-based, whole-cut fish fillets that are similar in taste, texture, and nutrition to conventional fish.
Their first product is Plantish salmon™, which mimics cooked salmon in taste, texture, appearance, and structure, whilst also having the same nutritional values as its conventional counterpart, with high protein and Omega-3 content. The current prototype can be prepared and cooked in all the methods that conventional salmon is prepared. Plantish will be launching Plantish salmon™ in pop-up locations at the end of the year, and will be officially launching their product nation-wide in restaurants by 2024.
The founders are Ofek Ron, former Vegan Friendly GM, Dr. Ron Sicsic, former Enviro founder, Dr. Hila Elimelech, Chemistry PhD, Dr. Ariel Szklanny, Bioengineering PhD, and Eyal Briller, former Director of Product at Impossible Foods.
The company had previously raised $2m in pre-seed funding in June 2021, from TechAviv Founder Partners, a venture fund backed by top industry veterans, and angel investors including Chef José Andrés, and Nuseir Yassin from Nas Daily.
FinSMEs
21/03/2022