Fundz

Icl Planet Startup Hub Continues To Invest In Plant-Based Proteins

PRIVATEFeb 16, 2022

Round Type

Funding Round

Tel AvivSustainabilityTransportationFood And Beverage

Description

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced its innovation platform, ICL Planet Startup Hub, has invested in – and will be partnering with – Plantible Foods, a vertically integrated agricultural platform producing a functional protein derived from lemna. The investment follows Plantible Food’s Series A funding round last September, which was led by Astanor Ventures, a global leader in agriFood impact investing.

Quick answer

Proteins raised an undisclosed amount in a Funding Round round, dated February 16, 2022. Proteins is based in Tel Aviv, Tel Aviv District, Israel.

How much did Proteins raise?
Proteins raised an undisclosed amount in a Funding Round round on February 16, 2022.
What does Proteins do?
The two companies will also further collaborate to expand the potential of Plantible’s products across key food categories.
Where is Proteins based and how big is it?
Proteins is based in Tel Aviv, Tel Aviv District, Israel.

Source: Fundz verified event record.

Who else raised in Sustainability and Transportation around the same time

Companies in the same sectors as Proteins that raised within 45 days of this round, from Fundz verified event records.

  • Summit Nanotech raised $14M (Series A) on March 1, 2022.
  • InCharge Energy raised an undisclosed amount (Funding Round) on January 27, 2022.
  • Summit Nanotech raised $5.4M on January 24, 2022.
  • Gogoro raised an undisclosed amount (Post-IPO Equity) on January 18, 2022.
  • Regent Craft raised $25M on January 18, 2022.
  • E Vage raised $28M (Funding Round) on January 14, 2022.

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Company Information

Company

Proteins

Location

Tel Aviv, Tel Aviv District, Israel

About

The two companies will also further collaborate to expand the potential of Plantible’s products across key food categories. The company creates impactful solutions for humanity's sustainability challenges in global food, agriculture, and industrial markets. The company employs more than 12,000 people worldwide, and its 2021 revenues totaled approximately $7 billion. Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.Contacts Last July, ICL Planet invested in Protera – an AI-driven start-up that is designing and developing new proteins – and both investments align with the platform’s focus on clean label functional food ingredients, which is also an integral part of ICL’s global food strategy.

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