Planet A Foods' $15.4M funding boosts production of eco-friendly cocoa alternative
02/01/24, 11:47 AM
Location
doverMoney raised
$15.4 million
Industry
biotechnology
Investors
Feast Ventures, Triple Point Capital, Nucleus Capital, Mudcake, Cherry Ventures, Omnes Capital, World Fund
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 Info
Location
8 the green
dover, delaware, united states
Additional Info
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.