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Plantible Foods secures $10 million equity investment to expand Rubi Protein production fivefold. This investment, led by RA Capital and existing investors, aims to enhance production capacity at its Eldorado facility.

PRIVATEAug 06, 20263 days ago

Amount Raised

$10 Million

Round Type

Venture - Series Unknown

San DiegoBiotechnologyFood and BeverageAgriculture and FarmingFood And BeverageFood ProcessingNutrition

Investors

Existing InvestorsRa Capital

Description

Plantible Foods announced a $10 million equity investment to significantly increase its production capacity for its Rubi Protein™. The funding will allow the company to enter new markets and fulfill its existing customer pipeline. The investment follows a series of milestones that position Plantible for future growth. The expansion aims to support economic opportunities in rural communities.

Company Information

Company

Plantible Foods Inc.

Location

2600 Sarver Lane

San Diego, California, United States

About

Plantible Foods is a B2B food technology company with the goal to develop the most functional and applicable plant-based protein in the world using scalable and sustainable aqua-farming and extraction technologies

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4 contacts
Verified contactsAlexandra (Xandra) van A., Executive Officer, Director
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Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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