Planetarians, a San Francisco, CA-based vegan meat company, raised $6M in Seed II funding.
The round was led by Mindrock with participation from Traction Fund, Techstars, SOSV, and ZX Ventures.
The company intends to use the funds to open a full-scale production facility for their first commercial agreements.
Founded by Aleh Manchuliantsau, Anastasia Tkacheva and Max Barnthouse in 2013, Planetarians uses spent yeast from commercial fermentation facilities and native plant proteins, such as soy flakes, left from vegetable oil extraction, to produce whole cuts of protein with the flavor and texture of meat but with a cleaner health profile – near zero fat content.
The company operates a pilot facility in Hayward, California, and has conducted several trials with food service and hospitality companies that have converted to regular customers. The target market is schools, senior housing, and other institutional food services seeking nutritious, clean and affordable alternative proteins.
FinSMEs
19/02/2023