Planet A Foods' $15.4M funding boosts production of eco-friendly cocoa alternative

Feb 01, 2024•almost 2 years ago

Amount Raised

$15.4 Million

DoverBiotechnology

Investors

Feast VenturesTriple Point CapitalNucleus CapitalMudcakeCherry VenturesOmnes CapitalWorld Fund

Description

Planet A Foods announced it has closed a $15.4 million Series A funding round, bringing the company's funding to over $43 million. The funding will be used to fuel further mass-market expansion and make ChoViva, the company's cocoa alternative, more affordable.

Company Information

Company

Planet A Foods

Location

8 The Green

Dover, Delaware, United States

About

NxFoods is also known as Planet A Foods. Planet A Foods, founded by twins Drs. Max and Sara Marquart, is a B2B foodtech startup aiming to provide a sustainable alternative to cocoa for chocolate production. Their fermentation process turns locally-sourced ingredients into ChoViva, a cocoa mass and cocoa butter with reduced sugar content and low CO2 footprint.

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