Plantible, a San Marcos, CA-based integrated biology company developing plant-based protein, received an investment from Chipotle Mexican Grill (NYSE: CMG).
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2018, Plantible has developed a vertically integrated manufacturing platform to produce Rubi protein™ from Lemna, which is a natural, plant-based protein that can mimic the quality, taste, and texture of popular animal-based proteins and can replace synthetic emulsifiers and binders. By leveraging its functional and nutritional profile, Plantible aims to empower the food industry’s need for a cleaner, healthier, and allergen-friendly food system currently polluted by unhealthy and unsustainable ingredients. Its manufacturing technology harnesses the aquatic growth of Lemna and limits fresh water usage through recirculation and minimizes carbon emissions due to its highly efficient growing process.
FinSMEs
16/01/2025