{"id":106462,"date":"2024-12-09T15:23:00","date_gmt":"2024-12-09T14:23:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=106462"},"modified":"2024-12-18T16:21:56","modified_gmt":"2024-12-18T15:21:56","slug":"planet-a-foods-series-b","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/106462\/planet-a-foods-series-b\/","title":{"rendered":"Planet A Foods closes Series B financing"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Not even a year after his <a href=\"\/en\/97821\/planet-a-foods-series-a\/\">Series A<\/a> Planet A Foods announces the completion of its Series B financing round of \u20ac28 million ($30 million). The financing round was led by Burda Principal Investments and Zintinus. Other investors included World Fund, Bayern Kapital, Cherry Ventures, Tengelmann Ventures, AgriFoodTech Venture Alliance, and Omnes Capital. The company intends to use the fresh funds to <a href=\"\/en\/day\/planet-a-foods\/\">Pursue<\/a> to accelerate international expansion and scale production capacities nationally and internationally.<\/p>\n\n\n\n<p>Founded in 2021 by siblings Sara and Maximilian Marquart, Planet A Foods develops with the help of <a href=\"https:\/\/planet-a-foods.com\/de\/technologie\/\" target=\"_blank\" rel=\"noreferrer noopener\">innovative preparation processes<\/a> Sustainable, future-proof food ingredients. The startup&#039;s portfolio includes Choviva, the world&#039;s first cocoa-free chocolate alternative made from sunflower seeds. According to the company, this innovation reduces CO2 emissions by approximately 80 percent compared to conventional chocolate production.<\/p>\n\n\n\n<p><strong>Sara Marquart<\/strong>, CTO and co-founder, comments:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;At Planet A Foods, we believe the future of nutrition must be sustainable, ethical, and scalable. Choviva enables manufacturers to create 100 percent cocoa-free products, reduce dependence on vulnerable supply chains, and have a tangible impact on the environment. This Series B round allows us to strengthen our position as a leading partner for sustainable chocolate innovation.&quot;<\/p>\n<\/blockquote>\n\n\n\n<p><strong>Maximilian Marquart<\/strong>, CEO and co-founder, explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;This Series B round marks a significant milestone for us. With $30 million in fresh capital and a market-leading product, Planet A Foods is no longer a startup\u2014we are on our way to becoming a leading player in the market. Our mission remains unchanged: to provide sustainable food ingredients that can be produced independently of price fluctuations and limited resources like cocoa. This funding will enable us to enter new markets, increase production, and supply our partners at scale.&quot;<\/p>\n<\/blockquote>\n\n\n\n<p>One of the investors,<strong> Julian von Eckartsberg<\/strong>, Managing Director of Burda Principal Investments, emphasizes:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;Our investment in Planet A Foods reflects our commitment to supporting groundbreaking solutions that address global challenges such as sustainable food production. We are excited to support Planet A Foods in its growth, market expansion, and the creation of climate-resilient food systems on a global scale.&quot;<\/p>\n<\/blockquote>\n\n\n\n<p>And <strong>Christian Neuss<\/strong>, Partner at Zintinus, adds:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;Planet A Foods combines scientific excellence with a clear focus on sustainability. Scaling innovations like Choviva on a large scale is an enormous challenge, and we believe that the right support is crucial to unlocking their full potential. That&#039;s why we&#039;re delighted to support Planet A Foods with knowledge, network, and capital on their path to market leadership.&quot;<\/p>\n<\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Planet A Foods has closed one of the largest foodtech financing rounds of the year to scale its cocoa-free chocolate alternative globally. The Munich-based startup has raised a whopping \u20ac28 million ($30 million).<\/p>","protected":false},"author":42,"featured_media":106464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[5070,52,2538,4662],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Planet A Foods schlie\u00dft Series-B-Finanzierung ab - Munich Startup<\/title>\n<meta name=\"description\" content=\"Planet A Foods hat seine Series B abgeschlossen. Ganze 28 Millionen Euro (30 Millionen Dollar) gehen auf das Konto des M\u00fcnchner Startups.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/106462\/planet-a-foods-series-b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planet A Foods schlie\u00dft Series-B-Finanzierung ab - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Planet A Foods hat seine Series B abgeschlossen. 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