Plonts, an Oakland, CA-based plant-based foods company, raised $12M in Seed funding.
The round was led by Lowercarbon Capital, with participation from Litani Ventures, Accelr8, Pillar, Ponderosa Ventures, and a number of angel investors.
The company intends to use the funds to introduce additional products and launch in additional markets and retail locations in the future.
Founded in 2019 by Nathaniel Chu and Josh Moser, Plonts is making a new category of plant-based cheeses. Like dairy cheese, the company uses fermentation to turn a mild milk into cheese. Plonts has debuted their first product, an aged plant-based cheddar, at select restaurants in New York City and the San Francisco Bay Area. The company plans to introduce additional products and launch in additional markets and retail locations in the future.
Plonts has a team of advisors including Scott Norton (founder of Sir Kensington’s), Bernhard Van Lengerich (former Chief Scientific Officer at General Mills), Peter Rahal (founder of RXBAR), and Brandon Jew (Head Chef of Mister Jiu’s, Moongate Lounge, and Mamahuhu), among others.
FinSMEs
08/08/2024